Oklo Inc. (NYSE:OKLO) Receives $22.33 Average Price Target from Analysts

Oklo Inc. (NYSE:OKLO) has been given an average recommendation of “Moderate Buy” by the four brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.33.

OKLO has been the topic of a number of research reports. Wedbush initiated coverage on shares of Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target on the stock. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Citigroup raised their price target on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Oklo Stock Up 6.1 %

Shares of Oklo stock opened at $24.20 on Monday. Oklo has a twelve month low of $5.35 and a twelve month high of $31.91. The firm’s 50-day moving average price is $22.44 and its 200 day moving average price is $14.33.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’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 value of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently made changes to their positions in OKLO. Kozak & Associates Inc. acquired a new stake in shares of Oklo during the 4th quarter worth approximately $57,000. Barclays PLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $94,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo during the 4th quarter worth approximately $99,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $100,000. 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.