Oklo (NYSE:OKLO) Stock Price Down 1.7% - What's Next?

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) were down 1.7% on Tuesday . The stock traded as low as $30.00 and last traded at $30.58. Approximately 13,611,328 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 19,364,342 shares. The stock had previously closed at $31.11.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Craig Hallum assumed coverage on Oklo in a report on Tuesday. They issued a "buy" rating and a $44.00 price objective for the company. Citigroup increased their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Finally, Wedbush boosted their target price on shares of Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Oklo has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Oklo Stock Down 1.4 %

The business's fifty day moving average is $24.77 and its 200-day moving average is $16.28.

Insider Transactions at Oklo

In other news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now owns 12,543,085 shares of the company's stock, valued at approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kozak & Associates Inc. purchased a new stake in Oklo in the 4th quarter worth $57,000. Barclays PLC bought a new position in shares of Oklo in the third quarter worth about $58,000. Spire Wealth Management purchased a new stake in shares of Oklo during the fourth quarter worth about $72,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo during the 3rd quarter valued at approximately $94,000. Finally, Wolff Wiese Magana LLC purchased a new position in Oklo in the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.