Oklo (NYSE:OKLO) Trading Up 14.4% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares were up 14.4% on Tuesday . The stock traded as high as $29.78 and last traded at $29.79. Approximately 8,760,173 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 13,701,385 shares. The stock had previously closed at $26.05.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush began coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company. Citigroup upped their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th.

Oklo Price Performance

The stock’s 50-day moving average price is $22.91 and its 200-day moving average price is $15.11.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following 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 trade represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Large investors have recently bought and sold shares of the business. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $57,000. Wolff Wiese Magana LLC bought a new position in Oklo in the 4th quarter valued at approximately $99,000. Barclays PLC acquired a new stake in Oklo in the third quarter valued at approximately $58,000. Foster Victor Wealth Advisors LLC bought a new stake in shares of Oklo during the fourth quarter worth $177,000. Finally, Archford Capital Strategies LLC acquired a new position in shares of Oklo during the fourth quarter worth $212,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.