Oklo (NYSE:OKLO) Trading Up 5% – Should You Buy?

Oklo Inc. (NYSE:OKLO) was up 5% on Thursday . The stock traded as high as $22.08 and last traded at $21.99. Approximately 5,784,093 shares were traded during trading, an increase of 6% from the average daily volume of 5,477,912 shares. The stock had previously closed at $20.95.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup reduced their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a report on Friday, September 6th.

Oklo Stock Performance

The firm’s fifty day moving average price is $15.96 and its 200 day moving average price is $11.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new stake in shares of Oklo in the 3rd quarter valued at approximately $58,000. Geode Capital Management LLC acquired a new stake in Oklo in the third quarter valued at approximately $5,971,000. Y Intercept Hong Kong Ltd acquired a new stake in Oklo in the third quarter valued at approximately $94,000. MML Investors Services LLC bought a new stake in Oklo in the third quarter worth approximately $104,000. Finally, Yaupon Capital Management LP acquired a new position in shares of Oklo during the 3rd quarter worth $1,412,000. 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.