Oklo (NYSE:OKLO) Trading Up 1.5% – Should You Buy?

Shares of Oklo Inc. (NYSE:OKLO) rose 1.5% during mid-day trading on Friday . The company traded as high as $21.37 and last traded at $21.28. Approximately 5,954,386 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 6,141,013 shares. The stock had previously closed at $20.96.

Analysts Set New Price Targets

OKLO has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Wedbush started coverage on shares of Oklo in a report on Thursday. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Stock Performance

The firm has a 50-day simple moving average of $20.73 and a 200 day simple moving average of $12.50.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. Barclays PLC acquired a new stake in shares of Oklo during the third quarter worth about $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter worth about $94,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Oklo during the third quarter worth about $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo during the third quarter worth about $100,000. Finally, MML Investors Services LLC acquired a new stake in shares of Oklo during the third quarter worth about $104,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.