Oklo (NYSE:OKLO) Given New $45.00 Price Target at Wedbush

Oklo (NYSE:OKLO) had its price target raised by investment 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 target price would suggest a potential upside of 7.46% from the company’s current price.

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

Oklo Stock Performance

Shares of NYSE OKLO traded up $3.10 during mid-day trading on Friday, reaching $41.88. 36,641,964 shares of the company were exchanged, compared to its average volume of 18,214,992. The company’s 50-day simple moving average is $23.21 and its 200-day simple moving average is $15.27. Oklo has a twelve month low of $5.35 and a twelve month high of $43.70.

Insider Activity at Oklo

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated 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 purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oklo

Several large investors have recently modified their holdings of OKLO. Kozak & Associates Inc. bought a new position in shares of Oklo in the fourth quarter worth approximately $57,000. Spire Wealth Management purchased a new position in shares of Oklo during the 4th quarter valued at about $72,000. Wolff Wiese Magana LLC bought a new stake in Oklo in the 4th quarter worth approximately $99,000. Barclays PLC purchased a new position in shares of Oklo in the third quarter valued at about $58,000. Finally, Foster Victor Wealth Advisors LLC bought a new position in shares of Oklo during the fourth quarter valued at about $177,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.