Oklo (NYSE:OKLO) Shares Gap Up – What’s Next?

Shares of Oklo Inc. (NYSE:OKLO) gapped up prior to trading on Wednesday . The stock had previously closed at $19.10, but opened at $21.41. Oklo shares last traded at $22.40, with a volume of 15,582,881 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Wedbush started coverage on Oklo in a research report on Thursday. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Citigroup decreased their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Oklo Stock Up 14.0 %

The stock’s 50 day moving average is $20.48 and its 200 day moving average is $12.39.

Hedge Funds Weigh In On Oklo

A number of large investors have recently made changes to their positions in the company. Barclays PLC bought a new stake in Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter worth $94,000. Peapack Gladstone Financial Corp bought a new stake in shares of Oklo in the third quarter valued at about $100,000. Sanctuary Advisors LLC acquired a new position in shares of Oklo in the third quarter valued at about $100,000. Finally, MML Investors Services LLC bought a new position in Oklo during the third quarter worth about $104,000. 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.