Oklo (NYSE:OKLO) Price Target Raised to $58.00

Oklo (NYSE:OKLO) had its price target increased by B. Riley from $27.00 to $58.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Wedbush boosted their price objective on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Stock Down 5.5 %

Shares of NYSE:OKLO opened at $47.75 on Thursday. The company has a 50 day moving average of $27.15 and a 200 day moving average of $17.60. Oklo has a 12 month low of $5.35 and a 12 month high of $52.99.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo 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 approximately $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now directly 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. Corporate insiders own 21.80% of the company’s stock.

Hedge Funds Weigh In On Oklo

A number of large investors have recently bought and sold shares of OKLO. Anfield Capital Management LLC purchased a new position in shares of Oklo during the fourth quarter valued at approximately $43,000. Kozak & Associates Inc. purchased a new position in shares of Oklo during the fourth quarter valued at approximately $57,000. Spire Wealth Management purchased a new position in shares of Oklo during the fourth quarter valued at approximately $72,000. Wolff Wiese Magana LLC purchased a new position in shares of Oklo during the fourth quarter valued at approximately $99,000. Finally, Stephens Consulting LLC purchased a new position in shares of Oklo during the fourth quarter valued at approximately $127,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

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.