Oklo (NYSE:OKLO) Coverage Initiated at Wedbush

Wedbush assumed coverage on shares of Oklo (NYSE:OKLO) in a research report report published on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating and a $26.00 target price on the stock.

Several other brokerages have also recently issued reports on OKLO. Citigroup dropped their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Price Performance

NYSE OKLO opened at $21.52 on Thursday. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12. The stock’s fifty day moving average price is $20.73 and its 200-day moving average price is $12.50.

Institutional Investors Weigh In On Oklo

Several large investors have recently made changes to their positions in OKLO. Peapack Gladstone Financial Corp bought a new stake in shares of Oklo during the 3rd quarter worth approximately $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the third quarter valued at approximately $100,000. Barclays PLC purchased a new stake in shares of Oklo in the third quarter valued at approximately $58,000. Geode Capital Management LLC bought a new position in Oklo in the third quarter worth approximately $5,971,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Oklo during the 3rd quarter worth $94,000. 85.03% of the stock is owned by institutional investors.

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.