Oklo (NYSE:OKLO) Trading Down 0.4% – Time to Sell?

Oklo Inc. (NYSE:OKLO) dropped 0.4% during trading on Thursday . The company traded as low as $21.01 and last traded at $21.95. Approximately 7,799,538 shares traded hands during trading, an increase of 37% from the average daily volume of 5,686,206 shares. The stock had previously closed at $22.04.

Analyst Ratings Changes

OKLO has been the subject of several recent research reports. B. Riley began coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Citigroup cut their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Stock Down 0.4 %

The firm’s fifty day moving average is $16.93 and its 200 day moving average is $11.22.

Institutional Trading of Oklo

Several large investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in Oklo in the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the 3rd quarter worth $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo in the third quarter valued at about $100,000. Sanctuary Advisors LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo during the 3rd quarter valued at approximately $104,000. Hedge funds and other 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.