Craig Hallum Initiates Coverage on Oklo (NYSE:OKLO)

Analysts at Craig Hallum initiated coverage on shares of Oklo (NYSE:OKLO) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $44.00 price target on the stock. Craig Hallum’s price target would indicate a potential upside of 41.52% from the stock’s previous close.

Other analysts have also issued reports about the stock. 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 note on Wednesday, January 8th. Wedbush raised their price target on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.50.

Oklo Stock Performance

Shares of NYSE:OKLO opened at $31.09 on Tuesday. The business has a fifty day moving average price of $23.90 and a 200-day moving average price of $15.79. Oklo has a 1-year low of $5.35 and a 1-year high of $43.70.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently modified their holdings of OKLO. DRW Securities LLC purchased a new stake in Oklo in the 3rd quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo in the 3rd quarter valued at about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Oklo in the third quarter worth about $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo during the third quarter worth approximately $6,493,000. Finally, Atom Investors LP purchased a new stake in Oklo during the third quarter valued at approximately $657,000. Institutional investors own 85.03% of the company’s stock.

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.