Oklo (NYSE:OKLO) Stock Price Down 2.7% – What’s Next?

Oklo Inc. (NYSE:OKLO) traded down 2.7% during trading on Monday . The company traded as low as $17.14 and last traded at $18.03. 3,853,805 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 5,824,111 shares. The stock had previously closed at $18.53.

Analysts Set New Price Targets

OKLO has been the subject of several recent research reports. Citigroup dropped their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley started 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 raised Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Stock Down 3.8 %

The firm’s 50 day moving average is $20.08 and its two-hundred day moving average is $12.28.

Hedge Funds Weigh In On Oklo

A number of institutional investors have recently modified their holdings of the company. Portland Investment Counsel Inc. acquired a new position in Oklo in the third quarter valued at $6,493,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo in the third quarter worth approximately $19,753,000. DRW Securities LLC purchased a new stake in Oklo in the third quarter valued at approximately $404,000. Atom Investors LP acquired a new position in Oklo during the third quarter worth approximately $657,000. Finally, Point72 Asset Management L.P. purchased a new position in Oklo during the third quarter worth approximately $1,023,000. Institutional investors and hedge funds 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.