Oklo Sees Unusually High Options Volume (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the target of unusually large options trading on Friday. Traders purchased 83,413 call options on the company. This represents an increase of approximately 86% compared to the average daily volume of 44,837 call options.

Oklo Stock Up 24.7 %

Oklo stock opened at $27.25 on Friday. Oklo has a one year low of $5.35 and a one year high of $28.12. The business’s fifty day moving average is $21.78 and its 200 day moving average is $13.31.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Wedbush initiated coverage on shares of Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price for the company. B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Insiders Place Their Bets

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 owns 12,543,085 shares of the company’s stock, 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. 21.80% of the stock is owned by corporate insiders.

Institutional Trading of Oklo

A number of institutional investors have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp purchased a new position in shares of Oklo during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC purchased a new stake in Oklo during the 3rd quarter valued at $100,000. Barclays PLC purchased a new stake in Oklo during the 3rd quarter valued at $58,000. Geode Capital Management LLC purchased a new position in shares of Oklo in the 3rd quarter worth $5,971,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo in the 3rd quarter worth $94,000. Hedge funds and other 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.