Oklo (NYSE:OKLO) Research Coverage Started at Wedbush

Wedbush started coverage on shares of Oklo (NYSE:OKLO) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $26.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, B. Riley began coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company.

Oklo Stock Up 2.7 %

Oklo stock opened at $21.52 on Thursday. The company has a fifty day simple moving average of $20.73 and a 200 day simple moving average of $12.50. Oklo has a 1-year low of $5.35 and a 1-year high of $28.12.

Hedge Funds Weigh In On Oklo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. Barclays PLC bought a new stake in Oklo in the third quarter worth $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp bought a new position in shares of Oklo in the third quarter worth approximately $100,000. Sanctuary Advisors LLC purchased a new stake in Oklo during the 3rd quarter valued at $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo in the 3rd quarter worth $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.