Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price traded up 7.9% during trading on Friday . The company traded as high as $42.60 and last traded at $41.86. 15,982,820 shares traded hands during trading, a decline of 4% from the average session volume of 16,681,271 shares. The stock had previously closed at $38.78.
Analysts Set New Price Targets
A number of research firms have weighed in on OKLO. Citigroup boosted their price objective on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Wedbush upped their price objective on shares of Oklo from $26.00 to $45.00 and gave the company an "outperform" rating in a report on Friday.
Get Our Latest Analysis on Oklo
Oklo Price Performance
The business has a fifty day moving average of $23.21 and a 200 day moving average of $15.27.
Insider Activity
In other news, Director Richard Kinzley acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents 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
A number of institutional investors have recently made changes to their positions in OKLO. Kozak & Associates Inc. purchased a new stake in Oklo during the 4th quarter worth about $57,000. Barclays PLC acquired a new stake in Oklo in the third quarter valued at approximately $58,000. Spire Wealth Management purchased a new position in Oklo in the fourth quarter worth approximately $72,000. Y Intercept Hong Kong Ltd acquired a new position in Oklo during the 3rd quarter worth approximately $94,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Oklo in the 4th quarter valued at approximately $99,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Oklo Company Profile
(
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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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