Citigroup Boosts Oklo (NYSE:OKLO) Price Target to $31.00

Oklo (NYSE:OKLO) had its price target raised by Citigroup from $10.00 to $31.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on OKLO. Wedbush assumed coverage on Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company.

Oklo Stock Performance

OKLO stock opened at $25.31 on Wednesday. The business has a fifty day simple moving average of $22.36 and a 200-day simple moving average of $14.06. Oklo has a 52 week low of $5.35 and a 52 week high of $31.91.

Insider Buying and Selling at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was 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 position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oklo

Large investors have recently made changes to their positions in the company. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $57,000. Barclays PLC bought a new position in shares of Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo during the third quarter worth approximately $94,000. Sanctuary Advisors LLC bought a new stake in Oklo during the third quarter worth approximately $100,000. Finally, Peapack Gladstone Financial Corp bought a new stake in Oklo during the third quarter worth approximately $100,000. Institutional investors and hedge funds 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.