Oklo (NYSE:OKLO – Get Free Report) had its price objective lifted by equities researchers at Wedbush from $26.00 to $45.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 7.46% from the company’s previous close.
Separately, Citigroup increased their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th.
View Our Latest Research Report on OKLO
Oklo Stock Performance
Insider Buying and Selling
In other news, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Kozak & Associates Inc. bought a new stake in Oklo during the fourth quarter worth approximately $57,000. Spire Wealth Management acquired a new stake in shares of Oklo during the 4th quarter valued at $72,000. Wolff Wiese Magana LLC bought a new stake in shares of Oklo during the 4th quarter worth $99,000. Barclays PLC acquired a new position in shares of Oklo in the 3rd quarter worth $58,000. Finally, Foster Victor Wealth Advisors LLC acquired a new position in shares of Oklo in the 4th quarter worth $177,000. 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.
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