Oklo Inc. (NYSE:OKLO) Director Purchases $99,750.00 in Stock

Oklo Inc. (NYSE:OKLO) Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Oklo Trading Down 5.2 %

Shares of NYSE OKLO opened at $22.78 on Friday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12. The stock has a 50 day simple moving average of $21.61 and a 200-day simple moving average of $13.00.

Wall Street Analyst Weigh In

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

Institutional Trading of Oklo

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in shares of Oklo during the third quarter valued at $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo in the 3rd quarter valued at about $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo during the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the 3rd quarter worth about $100,000. Finally, MML Investors Services LLC acquired a new stake in shares of Oklo in the 3rd quarter worth approximately $104,000. Institutional investors 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.