Oklo (NYSE:OKLO) Stock Price Up 0.4% – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) traded up 0.4% during mid-day trading on Thursday . The company traded as high as $21.78 and last traded at $21.32. 3,351,498 shares traded hands during trading, a decline of 47% from the average session volume of 6,355,441 shares. The stock had previously closed at $21.23.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OKLO shares. Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup decreased their price objective 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 started coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Wedbush started coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target for the company.

Oklo Price Performance

The stock has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $13.25.

Insider Activity

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on 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 completion of the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently modified their holdings of OKLO. Peapack Gladstone Financial Corp acquired a new position in shares of Oklo in the 3rd quarter worth approximately $100,000. Sanctuary Advisors LLC bought a new stake in Oklo during the third quarter valued at $100,000. Barclays PLC acquired a new stake in shares of Oklo during the third quarter worth $58,000. Geode Capital Management LLC bought a new position in shares of Oklo in the 3rd quarter worth about $5,971,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Oklo in the 3rd quarter valued at about $94,000. 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.