Oklo (NYSE:OKLO) Trading 1% Higher – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s share price shot up 1% during trading on Tuesday . The company traded as high as $23.77 and last traded at $23.15. 3,448,191 shares traded hands during trading, a decline of 39% from the average session volume of 5,650,525 shares. The stock had previously closed at $22.91.

Wall Street Analyst Weigh In

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

Oklo Price Performance

The business has a 50-day simple moving average of $16.93 and a 200 day simple moving average of $11.22.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in shares of Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Oklo in the 3rd quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo in the 3rd quarter worth $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the third quarter valued at about $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo during the third quarter valued at about $657,000. Institutional investors 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.