Oklo (NYSE:OKLO) Stock Price Down 4.4% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price fell 4.4% on Friday . The company traded as low as $24.40 and last traded at $24.98. 4,577,064 shares were traded during trading, a decline of 71% from the average session volume of 15,905,613 shares. The stock had previously closed at $26.12.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup lifted their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday. B. Riley began coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Finally, Wedbush initiated 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 Stock Performance

The firm’s 50 day moving average is $22.36 and its 200-day moving average is $14.09.

Insider Transactions at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently bought and sold shares of the business. Kozak & Associates Inc. purchased a new stake in shares of Oklo in the fourth quarter worth about $57,000. Barclays PLC acquired a new stake in Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp acquired a new position in shares of Oklo during the third quarter worth $100,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Oklo in the third 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.