Oklo Inc. (NYSE:OKLO - Get Free Report) shares shot up 1.5% on Thursday . The stock traded as high as $20.29 and last traded at $19.56. 3,041,666 shares were traded during trading, a decline of 48% from the average session volume of 5,819,523 shares. The stock had previously closed at $19.27.
Analysts Set New Price Targets
OKLO has been the subject of a number of recent research reports. B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They set a "buy" rating and a $10.00 price target for the company. Citigroup cut their target price on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research report on Friday, September 6th.
Check Out Our Latest Analysis on OKLO
Oklo Trading Down 4.7 %
The company has a 50-day moving average price of $19.60 and a two-hundred day moving average price of $12.09.
Institutional Investors Weigh In On Oklo
Hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC bought a new position in shares of Oklo in the third quarter worth about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo in the 3rd quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. purchased a new position in shares of Oklo during the third quarter worth approximately $6,493,000. Finally, Atom Investors LP purchased a new position in shares of Oklo during the third quarter worth approximately $657,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Oklo Company Profile
(
Get Free Report)
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.
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