Oklo Inc. (NYSE:OKLO – Get Free Report)’s stock price was down 6% during trading on Tuesday . The company traded as low as $17.21 and last traded at $17.38. Approximately 3,113,083 shares were traded during trading, a decline of 47% from the average daily volume of 5,831,274 shares. The stock had previously closed at $18.48.
Analysts Set New Price Targets
OKLO has been the topic of a number of analyst reports. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Citigroup lowered their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, Wedbush began coverage on Oklo in a research report on Thursday. They set an “outperform” rating and a $26.00 target price for the company.
Read Our Latest Report on OKLO
Oklo Trading Up 14.0 %
Hedge Funds Weigh In On Oklo
Several hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC acquired a new stake in Oklo in the third quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo during the 3rd quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. bought a new position in Oklo in the third quarter valued at about $6,493,000. Finally, Atom Investors LP acquired a new stake in shares of Oklo during the third quarter valued at about $657,000. 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.
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