Fri Jan 03 15:30:00 UTC 2025: **Oklo Stock Sees Slight Uptick Amidst Diverging Analyst Opinions and Insider Trading**

**Santa Clara, CA – January 26, 2024** – Oklo Inc. (NYSE: OKLO), a nuclear energy technology company, experienced a modest 0.4% increase in its stock price during midday trading on Thursday, reaching a high of $21.78 before settling at $21.32. Trading volume, however, was significantly lower than average, at 3,351,498 shares compared to the average of 6,355,441 shares.

The stock’s movement comes against a backdrop of mixed analyst sentiment. While Wedbush initiated coverage with an “outperform” rating and a $26.00 price target, Citigroup lowered its price objective from $11.00 to $10.00 and maintained a “neutral” rating. B. Riley also issued a “buy” rating with a $10.00 price target, while Seaport Res Ptn upgraded the stock to a “hold” rating.

Adding to the market activity, recent insider trading activity has been observed. Director Richard Kinzley purchased 5,000 shares at an average price of $19.95, while CEO Jacob Dewitte sold 230,569 shares at an average price of $21.61. Corporate insiders currently hold 21.80% of the company’s stock.

Institutional investment in Oklo also saw activity in the third quarter, with several firms, including Barclays PLC, Y Intercept Hong Kong Ltd, Sanctuary Advisors LLC, Peapack Gladstone Financial Corp, and MML Investors Services LLC, purchasing new stakes in the company. Currently, 85.03% of Oklo’s stock is owned by institutional investors.

Oklo designs and develops fission power plants and used nuclear fuel recycling services. The company was founded in 2013 and is headquartered in Santa Clara, California. MarketBeat, however, notes that despite Oklo’s current “Moderate Buy” rating among analysts, it was not included in their list of top-rated stocks recommended to clients.

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