Oklo (NYSE:OKLO) Reaches New 12-Month High – What’s Next?

Oklo Inc. (NYSE:OKLO) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.77 and last traded at $32.65, with a volume of 1276037 shares traded. The stock had previously closed at $31.25.

Wall Street Analyst Weigh In

OKLO has been the subject of a number of recent analyst reports. Citigroup upped their price target on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Wedbush started coverage on Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target for the company.

Oklo Price Performance

The firm’s 50 day simple moving average is $22.69 and its 200-day simple moving average is $14.98.

Insider Activity at Oklo

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OKLO. DRW Securities LLC acquired a new position in Oklo in the 3rd quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo in the third quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Oklo during the third quarter worth approximately $104,000. Portland Investment Counsel Inc. acquired a new stake in Oklo during the 3rd quarter worth approximately $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo in the 3rd quarter valued at $657,000. 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.