Oklo (NYSE:OKLO) Coverage Initiated at Craig Hallum

Analysts at Craig Hallum initiated coverage on shares of Oklo (NYSE:OKLO) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $44.00 price target on the stock. Craig Hallum’s price objective would suggest a potential upside of 24.56% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Wedbush upped their price objective on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Citigroup upped their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Oklo has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Oklo Stock Performance

NYSE OKLO opened at $35.32 on Tuesday. The company has a fifty day moving average of $24.14 and a 200 day moving average of $15.97. Oklo has a 1 year low of $5.35 and a 1 year high of $43.70.

Insider Buying and Selling

In other news, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the company’s stock in a transaction dated 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 approximately $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.

Institutional Trading of Oklo

Hedge funds have recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Oklo in the 4th quarter worth approximately $240,000. Van ECK Associates Corp acquired a new stake in Oklo during the 4th quarter worth approximately $38,661,000. Newbridge Financial Services Group Inc. acquired a new stake in Oklo during the 4th quarter worth approximately $175,000. Windmill Hill Asset Management Ltd acquired a new stake in Oklo during the 4th quarter worth approximately $1,476,000. Finally, Financial Advocates Investment Management acquired a new stake in Oklo during the 4th quarter worth approximately $241,000. Hedge funds and other 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.