Oklo Target of Unusually High Options Trading (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO - Get Free Report) was the target of some unusual options trading activity on Friday. Investors acquired 83,413 call options on the company. This represents an increase of 86% compared to the average volume of 44,837 call options.

Insider Activity

In related news, 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 value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares of the company's stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were bought at an average cost 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 position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Institutional Trading of Oklo

A number of hedge funds have recently added to or reduced their stakes in OKLO. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo during the third quarter worth approximately $19,753,000. Portland Investment Counsel Inc. acquired a new position in Oklo in the 3rd quarter valued at $6,493,000. Readystate Asset Management LP acquired a new position in Oklo in the 3rd quarter valued at $6,193,000. Geode Capital Management LLC purchased a new position in Oklo during the 3rd quarter worth $5,971,000. Finally, State Street Corp acquired a new stake in shares of Oklo in the 3rd quarter worth $2,889,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Price Performance

Shares of OKLO traded up $5.40 during mid-day trading on Friday, hitting $27.25. 23,817,873 shares of the company's stock were exchanged, compared to its average volume of 16,587,736. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12. The business's 50 day moving average is $21.78 and its two-hundred day moving average is $13.31.

Analysts Set New Price Targets

A number of research analysts recently commented on OKLO shares. B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price on the stock. Wedbush assumed coverage on Oklo in a research report on Thursday, December 19th. They set an "outperform" rating and a $26.00 target price on the stock. Seaport Res Ptn upgraded Oklo to a "hold" rating in a research note on Friday, September 6th. Finally, Citigroup cut their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th.

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.