Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price shot up 14% on Thursday . The company traded as high as $38.67 and last traded at $38.95. 12,030,791 shares traded hands during trading, a decline of 20% from the average session volume of 15,107,454 shares. The stock had previously closed at $34.17.
Several research analysts recently commented on the stock. Wedbush lifted their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday. 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 report on Wednesday, January 8th.
Read Our Latest Analysis on Oklo
The firm's fifty day moving average is $23.69 and its two-hundred day moving average is $15.51.
In other news, Director Richard Kinzley acquired 5,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.80% of the company's stock.
Several institutional investors have recently modified their holdings of the business. Kozak & Associates Inc. purchased a new position in Oklo during the fourth quarter valued at $57,000. Spire Wealth Management purchased a new position in shares of Oklo in the 4th quarter worth about $72,000. Wolff Wiese Magana LLC purchased a new position in shares of Oklo in the 4th quarter worth about $99,000. Barclays PLC bought a new position in Oklo in the 3rd quarter worth about $58,000. Finally, Foster Victor Wealth Advisors LLC purchased a new stake in Oklo during the 4th quarter valued at about $177,000. 85.03% of the stock is currently owned by institutional investors.
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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