Fri Jan 24 20:50:00 IST 2025: ## Oklo Stock Surges 14% on Analyst Upgrades and Insider Trading

**Santa Clara, CA – January 26, 2024** – Oklo Inc. (NYSE: OKLO), a developer of fission power plants and nuclear fuel recycling services, saw its stock price jump 14% on Thursday, reaching a high of $38.67 before closing at $38.95. This significant increase follows recent analyst upgrades and insider trading activity.

Trading volume, however, was down 20% from the average daily volume, with approximately 12,030,791 shares changing hands.

Wedbush initiated coverage of Oklo with an “outperform” rating and a $26 price target on December 19th. Citigroup raised its price target from $10 to $31, while maintaining a “neutral” rating on January 8th.

Adding to the market activity, insider transactions were reported. Director Richard Kinzley purchased 5,000 shares on December 23rd at an average price of $19.95, while CEO Jacob Dewitte sold 230,569 shares on December 20th at an average price of $21.61. Corporate insiders currently hold 21.80% of Oklo’s stock, while institutional investors hold 85.03%. Several hedge funds also made significant investments in Oklo during the third and fourth quarters of 2023.

Oklo’s 50-day moving average price stands at $22.91, and its 200-day moving average is $15.11. The company, founded in 2013, aims to provide reliable, commercial-scale energy solutions using fission power technology.

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