Oklo (NYSE:OKLO) Price Target Raised to $31.00

Oklo (NYSE:OKLO) had its price objective raised by research analysts at Citigroup from $10.00 to $31.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 5.26% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. B. Riley started coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock. Wedbush began coverage on Oklo in a research note on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price on the stock.

Oklo Trading Down 1.8 %

NYSE OKLO opened at $29.45 on Wednesday. Oklo has a 52 week low of $5.35 and a 52 week high of $31.91. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $13.78.

Insiders Place Their Bets

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Kozak & Associates Inc. purchased a new stake in Oklo in the fourth quarter valued at approximately $57,000. Silverleafe Capital Partners LLC purchased a new stake in shares of Oklo in the 4th quarter valued at $572,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Oklo in the third quarter worth $100,000. Sanctuary Advisors LLC purchased a new position in shares of Oklo during the third quarter worth $100,000. Finally, Barclays PLC purchased a new position in shares of Oklo during the 3rd quarter valued at about $58,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.