Oklo (NYSE:OKLO) Price Target Raised to $31.00

Oklo (NYSE:OKLO) had its price objective boosted by Citigroup from $10.00 to $31.00 in a report issued on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Wedbush assumed coverage on Oklo in a research note on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target on the stock. B. Riley assumed coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock.

Oklo Trading Down 3.1 %

NYSE:OKLO opened at $25.31 on Wednesday. The stock has a fifty day moving average price of $22.36 and a 200 day moving average price of $14.06. Oklo has a 12-month low of $5.35 and a 12-month high of $31.91.

Insider Transactions at Oklo

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

Hedge Funds Weigh In On Oklo

Several institutional investors have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC purchased a new stake in Oklo in the 3rd quarter valued at approximately $19,753,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $6,193,000. Geode Capital Management LLC purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $5,971,000. Finally, State Street Corp purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $2,889,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.