Investors Buy High Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the recipient of unusually large options trading on Friday. Stock investors acquired 83,413 call options on the company. This represents an increase of 86% compared to the typical volume of 44,837 call options.

Oklo Trading Up 24.7 %

Oklo stock traded up $5.40 during midday trading on Friday, reaching $27.25. 23,703,643 shares of the company were exchanged, compared to its average volume of 16,081,795. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12. The firm’s 50-day simple moving average is $21.78 and its 200-day simple moving average is $13.31.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in Oklo during the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo in the 3rd quarter worth approximately $94,000. Peapack Gladstone Financial Corp acquired a new position in shares of Oklo during the 3rd quarter valued at $100,000. Sanctuary Advisors LLC acquired a new position in shares of Oklo in the 3rd quarter worth approximately $100,000. Finally, MML Investors Services LLC acquired a new position in shares of Oklo in the 3rd quarter worth $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.