Oklo (NYSE:OKLO) Shares Gap Down – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) gapped down prior to trading on Friday . The stock had previously closed at $23.88, but opened at $21.00. Oklo shares last traded at $19.96, with a volume of 7,397,846 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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. Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, B. Riley assumed coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock.

Oklo Stock Performance

The firm has a 50 day simple moving average of $14.30.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently added to or reduced their stakes in OKLO. Barclays PLC purchased a new stake in shares of Oklo during the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter worth about $94,000. MML Investors Services LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $104,000. Finally, Stifel Financial Corp purchased a new position in Oklo during the 3rd quarter worth approximately $104,000. Hedge funds and other institutional investors 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.