Oklo (NYSE:OKLO) Given New $31.00 Price Target at Citigroup

Oklo (NYSE:OKLO) had its price objective increased by Citigroup from $10.00 to $31.00 in a research note published on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on OKLO. B. Riley assumed coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Wedbush assumed coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target on the stock.

Oklo Stock Down 10.9 %

Shares of OKLO stock opened at $26.28 on Wednesday. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $31.91. The stock’s fifty day moving average price is $22.21 and its two-hundred day moving average price is $13.86.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction that occurred on Friday, December 20th. The stock was 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 directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $19.95 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

Hedge funds have recently bought and sold shares of the company. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo in the 3rd quarter valued at about $6,493,000. HITE Hedge Asset Management LLC bought a new stake in Oklo during the third quarter worth $19,753,000. State Street Corp bought a new position in Oklo during the 3rd quarter valued at $2,889,000. DRW Securities LLC purchased a new position in Oklo during the third quarter worth about $404,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo in the third quarter valued at approximately $104,000. 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.