Shares of Oklo Inc. (NYSE:OKLO – Get Free Report) rose 7.9% during trading on Friday after Wedbush raised their price target on the stock from $26.00 to $45.00. Wedbush currently has an outperform rating on the stock. Oklo traded as high as $42.60 and last traded at $41.86. Approximately 15,982,820 shares traded hands during trading, a decline of 4% from the average daily volume of 16,681,271 shares. The stock had previously closed at $38.78.
Separately, Citigroup raised their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th.
View Our Latest Analysis on OKLO
Insider Buying and Selling
Institutional Trading of Oklo
A number of hedge funds have recently modified their holdings of OKLO. Portland Investment Counsel Inc. acquired a new position in Oklo during the third quarter valued at $6,493,000. HITE Hedge Asset Management LLC purchased a new position in Oklo during the 3rd quarter valued at about $19,753,000. Atomi Financial Group Inc. acquired a new position in shares of Oklo in the 4th quarter valued at about $19,285,000. State Street Corp purchased a new stake in shares of Oklo in the third quarter worth approximately $2,889,000. Finally, Joule Financial LLC acquired a new stake in shares of Oklo during the fourth quarter worth approximately $1,963,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
Oklo Trading Up 8.0 %
The stock’s 50-day moving average is $23.69 and its 200 day moving average is $15.51.
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.
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