Thu Jan 23 20:30:00 IST 2025: **Oklo Inc. (OKLO) Stock Gaps Up on Positive Brokerage Reports and Insider Trading Activity**

**Santa Clara, CA – February 21, 2024** – Oklo Inc. (NYSE: OKLO), a developer of fission power plants and nuclear fuel recycling services, saw its stock price jump this morning. Shares opened at $27.62, significantly higher than Monday’s closing price of $26.05. The stock is currently trading at $27.24, with over 4.6 million shares exchanged.

The surge follows recent positive analyst activity. Citigroup boosted its price target to $31.00, maintaining a neutral rating, while Wedbush initiated coverage with an “outperform” rating and a $26.00 price target.

However, recent insider trading activity has also added to market interest. CEO Jacob Dewitte sold 230,569 shares on December 20th at an average price of $21.61, representing a slight decrease in his ownership. Conversely, Director Richard Kinzley purchased 5,000 shares on December 23rd at $19.95 per share.

Several large institutional investors also increased their stakes in Oklo during the third and fourth quarters of 2023, including HITE Hedge Asset Management LLC, Atomi Financial Group Inc., Portland Investment Counsel Inc., Readystate Asset Management LP, and Geode Capital Management LLC. Institutional investors now own 85.03% of the company’s stock. Corporate insiders hold another 21.80%.

Oklo’s 50-day moving average is $22.91, and its 200-day moving average is $15.11. The company’s stock performance should be considered alongside the full financial disclosures and analyst reports for a comprehensive view.

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