Oklo (NYSE:OKLO) Shares Gap Up – Here’s What Happened

Oklo Inc. (NYSE:OKLO) gapped up prior to trading on Tuesday . The stock had previously closed at $22.88, but opened at $24.06. Oklo shares last traded at $23.82, with a volume of 1,758,339 shares changing hands.

Analyst Ratings Changes

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

Oklo Trading Up 1.7 %

The business’s 50 day moving average price is $22.44 and its 200-day moving average price is $14.33.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the company’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 transaction of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

Several large investors have recently made changes to their positions in the business. Kozak & Associates Inc. acquired a new stake in shares of Oklo in the fourth quarter worth $57,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo in the fourth quarter worth $99,000. Barclays PLC acquired a new stake in shares of Oklo in the third quarter worth $58,000. Y Intercept Hong Kong Ltd acquired a new stake in Oklo during the 3rd quarter valued at $94,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in Oklo during the 3rd quarter valued at $100,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.