B. Riley Issues Positive Forecast for Oklo (NYSE:OKLO) Stock Price

Oklo (NYSE:OKLO) had its price objective lifted by equities research analysts at B. Riley from $27.00 to $58.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 21.48% from the stock’s current price.

OKLO has been the topic of a number of other research reports. Wedbush raised their price objective on Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Citigroup boosted their target price 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Price Performance

NYSE OKLO opened at $47.75 on Thursday. The firm has a 50-day moving average price of $27.15 and a two-hundred day moving average price of $17.60. Oklo has a 12-month low of $5.35 and a 12-month high of $52.99.

Insider Transactions at Oklo

In other Oklo news, Director Richard Kinzley bought 5,000 shares of Oklo stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Investors Weigh In On Oklo

Large investors have recently modified their holdings of the company. DRW Securities LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo during the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo during the third quarter worth $104,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the third quarter worth approximately $6,493,000. Finally, Atom Investors LP bought a new position in Oklo during the 3rd quarter valued at $657,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.