Oklo (NYSE:OKLO) Shares Up 14% – What’s Next?

Oklo Inc. (NYSE:OKLO) shot up 14% during mid-day trading on Thursday . The stock traded as high as $38.67 and last traded at $38.95. 12,030,791 shares were traded during trading, a decline of 20% from the average session volume of 15,107,454 shares. The stock had previously closed at $34.17.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKLO. Wedbush assumed coverage on shares of Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup increased their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th.

Oklo Trading Up 13.9 %

The stock’s fifty day moving average is $22.91 and its two-hundred day moving average is $15.11.

Insider Buying and Selling

In related news, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kozak & Associates Inc. acquired a new stake in shares of Oklo during the 4th quarter valued at about $57,000. Wolff Wiese Magana LLC acquired a new stake in shares of Oklo during the 4th quarter valued at about $99,000. Barclays PLC acquired a new stake in shares of Oklo during the 3rd quarter valued at about $58,000. Foster Victor Wealth Advisors LLC acquired a new stake in shares of Oklo during the 4th quarter valued at about $177,000. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Oklo during the 4th quarter valued at about $212,000. 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.