Oklo (NYSE:OKLO) Shares Up 14.9% – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s share price rose 14.9% during trading on Wednesday . The stock traded as high as $26.38 and last traded at $26.22. Approximately 6,592,383 shares changed hands during trading, a decline of 53% from the average daily volume of 14,069,562 shares. The stock had previously closed at $22.81.

Wall Street Analyst Weigh In

OKLO has been the subject of several recent analyst reports. Citigroup boosted their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Wedbush assumed coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company. Finally, B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective for the company.

Oklo Stock Up 13.0 %

The business has a fifty day moving average price of $22.44 and a 200-day moving average price of $14.33.

Insider Transactions at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the business’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 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. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of hedge funds and other institutional investors have recently modified their holdings of OKLO. Kozak & Associates Inc. bought a new position in Oklo during the 4th quarter valued at approximately $57,000. Wolff Wiese Magana LLC bought a new position in Oklo during the 4th quarter valued at approximately $99,000. Barclays PLC bought a new position in Oklo during the 3rd quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo during the 3rd quarter valued at approximately $94,000. Finally, Peapack Gladstone Financial Corp bought a new position in Oklo during the 3rd quarter valued at approximately $100,000. 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.