Oklo (NYSE:OKLO) Stock Price Down 1.6% – Time to Sell?

Oklo Inc. (NYSE:OKLO) shares fell 1.6% on Thursday . The company traded as low as $33.00 and last traded at $34.62. 10,812,660 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 20,201,350 shares. The stock had previously closed at $35.19.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OKLO shares. Wedbush lifted their price objective on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. B. Riley raised their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup boosted their price objective on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Oklo Price Performance

The company has a 50-day moving average price of $34.61 and a 200-day moving average price of $21.40.

Insider Transactions at Oklo

In other Oklo news, 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 value of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DRW Securities LLC bought a new position in shares of Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo during the 3rd quarter worth about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the 3rd quarter worth approximately $104,000. Portland Investment Counsel Inc. bought a new position in shares of Oklo in the third quarter valued at approximately $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo during the third quarter valued at approximately $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.