Oklo (NYSE:OKLO) Shares Gap Up – Time to Buy?

Oklo Inc. (NYSE:OKLO) shares gapped up prior to trading on Wednesday . The stock had previously closed at $18.42, but opened at $19.35. Oklo shares last traded at $18.40, with a volume of 1,242,462 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OKLO. B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup lowered their price objective 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.

Oklo Stock Up 0.2 %

The company has a fifty day moving average price of $19.22 and a 200 day moving average price of $11.99.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Peapack Gladstone Financial Corp purchased a new stake in Oklo during the 3rd quarter valued at $100,000. Sanctuary Advisors LLC bought a new position in shares of Oklo during the third quarter valued at about $100,000. Barclays PLC bought a new position in shares of Oklo during the third quarter valued at about $58,000. Geode Capital Management LLC purchased a new stake in shares of Oklo during the third quarter worth about $5,971,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo in the third quarter worth about $94,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

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.