Brokerages Set Oklo Inc. (NYSE:OKLO) Target Price at $15.33

Shares of Oklo Inc. (NYSE:OKLO) have been assigned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.33.

Several research analysts have weighed in on OKLO shares. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. 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 research report on Tuesday, September 24th. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Wedbush started coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target for the company.

Insider Transactions at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was 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 the SEC website. Corporate insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in Oklo during the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the third quarter worth approximately $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the third quarter worth approximately $100,000. Sanctuary Advisors LLC acquired a new stake in Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC purchased a new position in Oklo in the third quarter worth approximately $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Oklo Trading Up 2.3 %

NYSE OKLO opened at $22.02 on Thursday. Oklo has a twelve month low of $5.35 and a twelve month high of $28.12. The stock has a fifty day simple moving average of $20.73 and a 200-day simple moving average of $12.52.

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.