Oklo (NYSE:OKLO) Research Coverage Started at Craig Hallum

Craig Hallum assumed coverage on shares of Oklo (NYSE:OKLO) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $44.00 price objective on the stock.

A number of other analysts have also recently weighed in on the stock. Wedbush raised their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Citigroup raised 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Oklo Trading Up 18.9 %

Shares of Oklo stock opened at $41.96 on Tuesday. Oklo has a 52 week low of $5.35 and a 52 week high of $43.70. The company’s 50-day moving average price is $24.43 and its two-hundred day moving average price is $16.10.

Insiders Place Their Bets

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was 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

Several hedge funds have recently bought and sold shares of the company. Kozak & Associates Inc. bought a new stake in shares of Oklo in the 4th quarter valued at approximately $57,000. Spire Wealth Management bought a new position in shares of Oklo during the 4th quarter valued at $72,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo in the 4th quarter valued at $99,000. Stephens Consulting LLC acquired a new position in shares of Oklo during the 4th quarter valued at about $127,000. Finally, Barclays PLC acquired a new position in Oklo during the third quarter valued at approximately $58,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.