Oklo (NYSE:OKLO) Now Covered by Analysts at Wedbush

Stock analysts at Wedbush started coverage on shares of Oklo (NYSE:OKLO) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $26.00 price target on the stock. Wedbush’s price objective indicates a potential upside of 33.06% from the company’s previous close.

OKLO has been the subject of a number of other research reports. B. Riley started coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note 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 Up 6.3 %

Shares of OKLO opened at $19.54 on Thursday. The stock’s fifty day simple moving average is $20.26 and its 200 day simple moving average is $12.33. Oklo has a twelve month low of $5.35 and a twelve month high of $28.12.

Institutional Trading of Oklo

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Oklo in the third quarter valued at $58,000. Y Intercept Hong Kong Ltd acquired a new position in Oklo in the 3rd quarter worth $94,000. Peapack Gladstone Financial Corp purchased a new position in Oklo in the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo during the third quarter valued at about $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo during the third quarter worth about $104,000. Hedge funds and other institutional investors 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.