Oklo (NYSE:OKLO) Price Target Raised to $45.00

Oklo (NYSE:OKLO) had its price objective increased by research analysts at Wedbush from $26.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 7.46% from the stock’s current price.

Separately, Citigroup upped their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Oklo Stock Up 8.0 %

Oklo stock traded up $3.10 during trading hours on Friday, hitting $41.88. The stock had a trading volume of 36,641,964 shares, compared to its average volume of 18,214,992. The stock’s 50-day moving average price is $23.21 and its 200-day moving average price is $15.27. Oklo has a 12-month low of $5.35 and a 12-month high of $43.70.

Insider Activity at Oklo

In related news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, 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 disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

Institutional Trading of Oklo

Large investors have recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. purchased a new stake in Oklo in the 3rd quarter worth about $6,493,000. HITE Hedge Asset Management LLC purchased a new position in Oklo during the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. bought a new stake in Oklo during the 4th quarter valued at $19,285,000. State Street Corp purchased a new position in shares of Oklo in the 3rd quarter valued at $2,889,000. Finally, Joule Financial LLC bought a new position in shares of Oklo in the 4th quarter worth $1,963,000. 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.