Insider Buying: Oklo Inc. (NYSE:OKLO) Director Buys $99,750.00 in Stock

Oklo Inc. (NYSE:OKLO) Director Richard Kinzley acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Oklo Price Performance

Shares of OKLO opened at $22.78 on Monday. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $28.12. The firm has a 50 day moving average of $21.61 and a 200 day moving average of $13.02.

Analyst Ratings Changes

OKLO has been the subject of several recent research reports. Wedbush assumed coverage on shares of Oklo in a report on Thursday, December 19th. They set an “outperform” rating and a $26.00 target price for the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Citigroup lowered their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Institutional Trading of Oklo

Several institutional investors have recently added to or reduced their stakes in OKLO. Barclays PLC purchased a new position in shares of Oklo in the third quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo in the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp purchased a new position in Oklo in the 3rd quarter worth about $100,000. Sanctuary Advisors LLC purchased a new position in Oklo in the 3rd quarter worth about $100,000. Finally, MML Investors Services LLC bought a new position in Oklo during the 3rd quarter valued at about $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.