Oklo (NYSE:OKLO) Price Target Lowered to $30.00 at Citigroup

Oklo (NYSE:OKLO) had its price target trimmed by Citigroup from $31.00 to $30.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Trading Down 6.9 %

NYSE:OKLO opened at $28.77 on Tuesday. Oklo has a twelve month low of $5.35 and a twelve month high of $59.14. The stock has a fifty day simple moving average of $36.13 and a 200-day simple moving average of $24.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo in the 3rd quarter worth approximately $6,493,000. HITE Hedge Asset Management LLC bought a new position in Oklo in the third quarter worth approximately $19,753,000. Atomi Financial Group Inc. purchased a new stake in Oklo during the fourth quarter worth $19,285,000. Archford Capital Strategies LLC bought a new stake in Oklo during the 4th quarter valued at $212,000. Finally, Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter valued at $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.