Oklo (NYSE:OKLO) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of Oklo (NYSE:OKLO) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $44.00 price objective on the stock.

OKLO has been the topic of several other reports. Wedbush lifted their target price on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Citigroup upped their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.50.

Oklo Trading Up 18.9 %

OKLO opened at $41.96 on Tuesday. The firm’s fifty day moving average price is $24.43 and its two-hundred day moving average price is $16.10. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $43.70.

Insider Buying and Selling

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

A number of hedge funds have recently added to or reduced their stakes in the stock. Kozak & Associates Inc. acquired a new position in shares of Oklo during the fourth quarter worth approximately $57,000. Spire Wealth Management acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $72,000. Wolff Wiese Magana LLC bought a new position in Oklo in the 4th quarter worth approximately $99,000. Stephens Consulting LLC acquired a new position in Oklo during the 4th quarter worth $127,000. Finally, Barclays PLC acquired a new position in Oklo during the 3rd quarter worth $58,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

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.