Oklo (NYSE:OKLO) Trading 4.5% Higher – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price shot up 4.5% during mid-day trading on Thursday . The stock traded as high as $29.67 and last traded at $29.32. 5,320,949 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 11,556,203 shares. The stock had previously closed at $28.05.

Analyst Ratings Changes

A number of equities analysts recently commented on OKLO shares. Wedbush lifted their price target on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. B. Riley increased their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Oklo Trading Down 2.0 %

The business has a fifty day moving average price of $35.85 and a 200-day moving average price of $23.77.

Insider Activity at Oklo

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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 owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. DRW Securities LLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Oklo in the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo in the 3rd quarter valued at $104,000. Portland Investment Counsel Inc. bought a new stake in shares of Oklo during the 3rd quarter valued at $6,493,000. Finally, Atom Investors LP acquired a new stake in shares of Oklo during the 3rd quarter worth $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.