Oklo (NYSE:OKLO) Stock Price Down 2.5% – Time to Sell?

Oklo Inc. (NYSE:OKLO) traded down 2.5% during trading on Friday . The company traded as low as $26.15 and last traded at $27.06. 2,799,059 shares traded hands during trading, a decline of 76% from the average session volume of 11,551,108 shares. The stock had previously closed at $27.77.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. B. Riley increased their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Craig Hallum assumed coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Citigroup increased their price target 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. Finally, Wedbush increased their price target on shares of Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.50.

Oklo Stock Down 2.0 %

The firm’s fifty day moving average price is $35.85 and its 200-day moving average price is $23.89.

Insider Transactions at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased 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 of the company’s stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OKLO. DRW Securities LLC bought a new stake in Oklo in the third quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo in the third quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo in the third quarter valued at $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the third quarter valued at $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo in the third quarter valued at $657,000. 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.