Oklo (NYSE:OKLO) Price Target Lowered to $30.00 at Citigroup

Oklo (NYSE:OKLO) had its price target decreased by equities researchers at Citigroup from $31.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 7.75% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday. Finally, B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Oklo Stock Performance

NYSE:OKLO traded down $3.07 during mid-day trading on Tuesday, hitting $27.84. 11,788,083 shares of the company traded hands, compared to its average volume of 11,619,570. The stock’s fifty day moving average price is $36.01 and its 200-day moving average price is $24.20. Oklo has a one year low of $5.35 and a one year high of $59.14.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of OKLO. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo during the third quarter valued at about $19,753,000. Vanguard Group Inc. grew its holdings in Oklo by 92.8% during the 4th quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company’s stock valued at $92,216,000 after buying an additional 2,090,154 shares in the last quarter. Van ECK Associates Corp purchased a new position in Oklo during the 4th quarter valued at approximately $38,661,000. Atomi Financial Group Inc. bought a new stake in Oklo in the 4th quarter worth approximately $19,285,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Oklo during the 4th quarter worth approximately $17,104,000. 85.03% of the stock is currently owned by institutional investors.

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.