Oklo (NYSE:OKLO) Trading Up 12.9% – Still a Buy?

Oklo Inc. (NYSE:OKLO) shares were up 12.9% during trading on Monday . The stock traded as high as $30.95 and last traded at $30.68. Approximately 9,407,832 shares changed hands during trading, a decline of 19% from the average daily volume of 11,566,498 shares. The stock had previously closed at $27.16.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OKLO. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Citigroup increased their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wedbush boosted their price objective on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Craig Hallum started coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Oklo presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Oklo Stock Up 13.8 %

The stock has a 50 day simple moving average of $35.85 and a two-hundred day simple moving average of $24.02.

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triton Wealth Management PLLC purchased a new stake in shares of Oklo during the 4th quarter worth approximately $559,000. Windmill Hill Asset Management Ltd purchased a new stake in Oklo in the fourth quarter valued at $1,476,000. Polar Asset Management Partners Inc. acquired a new position in Oklo in the fourth quarter valued at $781,000. Alpine Global Management LLC acquired a new position in Oklo in the fourth quarter valued at $427,000. Finally, Value Aligned Research Advisors LLC purchased a new position in shares of Oklo during the fourth quarter worth about $1,209,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.