Oklo (NYSE:OKLO) Trading Down 6.2% – Time to Sell?

Oklo Inc. (NYSE:OKLO)’s share price fell 6.2% on Tuesday . The company traded as low as $25.75 and last traded at $26.26. 4,002,512 shares traded hands during trading, a decline of 65% from the average session volume of 11,573,881 shares. The stock had previously closed at $28.00.

Wall Street Analyst Weigh In

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

Oklo Stock Performance

The stock has a 50-day simple moving average of $35.81 and a 200-day simple moving average of $23.42.

Insider Buying and Selling

In other news, Director Richard Kinzley purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $99,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction 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 directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OKLO. TD Waterhouse Canada Inc. bought a new stake in Oklo in the fourth quarter worth about $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo in the 4th quarter worth approximately $32,000. Sandy Spring Bank bought a new stake in shares of Oklo in the 4th quarter worth approximately $32,000. Covestor Ltd acquired a new stake in Oklo during the fourth quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in Oklo during the fourth quarter worth approximately $43,000. Institutional investors 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.