Investors Buy Large Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of some unusual options trading on Friday. Stock traders acquired 83,413 call options on the stock. This is an increase of 86% compared to the average daily volume of 44,837 call options.

Analyst Ratings Changes

OKLO has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Wedbush assumed coverage on shares of Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 target price for the company.

Insider Activity at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Kinzley purchased 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC bought a new position in Oklo in the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo during the 3rd quarter valued at about $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the 3rd quarter worth about $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo in the third quarter worth about $100,000. Finally, MML Investors Services LLC acquired a new position in Oklo during the 3rd quarter worth $104,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Price Performance

OKLO stock opened at $27.25 on Friday. Oklo has a twelve month low of $5.35 and a twelve month high of $28.12. The firm has a 50 day simple moving average of $21.94 and a 200-day simple moving average of $13.46.

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.