Oklo (NYSE:OKLO) Trading 2.9% Higher – Here’s What Happened

by · The Cerbat Gem

Oklo Inc. (NYSE:OKLOGet Free Report) shot up 2.9% on Tuesday . The company traded as high as $69.59 and last traded at $67.62. 6,054,217 shares were traded during mid-day trading, a decline of 53% from the average session volume of 12,793,865 shares. The stock had previously closed at $65.69.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OKLO shares. Zacks Research lowered Oklo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 price target on shares of Oklo in a research note on Wednesday, November 12th. Citigroup reissued a “neutral” rating on shares of Oklo in a research note on Monday, November 24th. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a report on Thursday, January 22nd. Finally, Bank of America raised shares of Oklo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $111.00 to $127.00 in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.20.

View Our Latest Stock Analysis on Oklo

Oklo Price Performance

The business has a 50-day simple moving average of $83.53 and a 200-day simple moving average of $96.83.

Insider Buying and Selling

In other news, insider William Carroll Murphy Goodwin sold 11,936 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.84, for a total value of $1,215,562.24. Following the sale, the insider directly owned 8,750 shares in the company, valued at approximately $891,100. This trade represents a 57.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Dewitte sold 840,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $82.32, for a total transaction of $69,148,800.00. Following the transaction, the chief executive officer owned 1,580,000 shares of the company’s stock, valued at approximately $130,065,600. The trade was a 34.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,762,526 shares of company stock worth $153,283,847 over the last 90 days. 18.90% of the stock is owned by insiders.

Institutional Trading of Oklo

A number of institutional investors have recently bought and sold shares of OKLO. Armstrong Advisory Group Inc. acquired a new position in shares of Oklo during the 3rd quarter worth about $27,000. Gables Capital Management Inc. acquired a new position in Oklo in the third quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new position in Oklo in the third quarter valued at approximately $28,000. CI Investments Inc. increased its stake in Oklo by 153.0% in the third quarter. CI Investments Inc. now owns 296 shares of the company’s stock valued at $33,000 after purchasing an additional 179 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Oklo during the third quarter worth approximately $33,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

(Get Free Report)

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.

Further Reading