Oklo (NYSE:OKLO) Stock Price Down 2.5% – Time to Sell?

Shares of Oklo Inc. (NYSE:OKLO) were down 2.5% during trading on Friday . The company traded as low as $26.15 and last traded at $27.06. Approximately 2,799,059 shares changed hands during trading, a decline of 76% from the average daily volume of 11,551,108 shares. The stock had previously closed at $27.77.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKLO shares. B. Riley boosted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wedbush upped their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup upped their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Stock Down 2.0 %

The stock’s fifty day moving average is $35.85 and its two-hundred day moving average is $23.89.

Insider Buying and Selling

In other news, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 21.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Triton Wealth Management PLLC bought a new position in shares of Oklo in the fourth quarter worth approximately $559,000. Windmill Hill Asset Management Ltd bought a new position in shares of Oklo in the fourth quarter worth approximately $1,476,000. Polar Asset Management Partners Inc. bought a new position in shares of Oklo in the fourth quarter worth approximately $781,000. Alpine Global Management LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $427,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of Oklo in the fourth quarter worth approximately $1,209,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.