Investors Purchase Large Volume of Oklo Call Options (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) saw unusually large options trading activity on Friday. Traders purchased 83,413 call options on the company. This is an increase of 86% compared to the average daily volume of 44,837 call options.

Oklo Stock Up 24.7 %

OKLO opened at $27.25 on Friday. Oklo has a one year low of $5.35 and a one year high of $28.12. The business has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $13.31.

Insider Transactions at Oklo

In related news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Kinzley bought 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oklo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Portland Investment Counsel Inc. purchased a new position in Oklo during the 3rd quarter valued at $6,493,000. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo during the third quarter valued at about $19,753,000. State Street Corp purchased a new position in shares of Oklo during the third quarter valued at about $2,889,000. DRW Securities LLC bought a new position in Oklo in the third quarter worth about $404,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo in the third quarter worth about $104,000. Institutional investors own 85.03% of the company’s stock.

Wall Street Analyst Weigh In

OKLO has been the topic of several analyst reports. Wedbush initiated coverage on Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price objective on the stock. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. B. Riley initiated coverage on shares of Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Citigroup lowered their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th.

Oklo Company Profile

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.