Oklo Inc. (NYSE:OKLO) Receives $22.33 Consensus Target Price from Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have earned an average rating of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $22.33.

OKLO has been the topic of a number of research reports. Citigroup raised their price objective on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Wedbush assumed coverage on shares of Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective for the company.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OKLO. HITE Hedge Asset Management LLC bought a new position in Oklo during the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. bought a new position in shares of Oklo during the 4th quarter valued at $19,285,000. Portland Investment Counsel Inc. purchased a new position in shares of Oklo in the 3rd quarter worth $6,493,000. Readystate Asset Management LP bought a new stake in shares of Oklo in the third quarter worth $6,193,000. Finally, Geode Capital Management LLC purchased a new stake in Oklo during the third quarter valued at $5,971,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Oklo Stock Performance

OKLO opened at $26.09 on Monday. The company has a fifty day moving average price of $22.48 and a 200-day moving average price of $14.64. Oklo has a one year low of $5.35 and a one year high of $31.91.

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.