Oklo Inc. (NYSE:OKLO) Director Richard Kinzley Buys 5,000 Shares

Oklo Inc. (NYSE:OKLO) Director Richard Kinzley acquired 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Oklo Stock Performance

OKLO stock traded down $1.26 during midday trading on Friday, reaching $22.78. The company had a trading volume of 10,171,375 shares, compared to its average volume of 6,304,307. The stock has a 50 day moving average price of $21.52 and a 200 day moving average price of $12.88. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OKLO. DRW Securities LLC bought a new position in shares of Oklo during the third quarter worth about $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Oklo during the 3rd quarter valued at 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 third quarter valued at approximately $104,000. Portland Investment Counsel Inc. bought a new stake in shares of Oklo during 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 worth approximately $657,000. 85.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.