Oklo (NYSE:OKLO) Shares Gap Down – Should You Sell?

Oklo Inc. (NYSE:OKLO) shares gapped down before the market opened on Friday . The stock had previously closed at $23.88, but opened at $21.00. Oklo shares last traded at $19.96, with a volume of 7,397,846 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a report on Friday, September 6th. B. Riley started coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Oklo Trading Down 24.6 %

The firm’s 50-day moving average price is $14.30.

Institutional Trading of Oklo

Institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in Oklo in the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter valued at about $94,000. MML Investors Services LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Oklo in the 3rd quarter worth approximately $104,000. Finally, Stifel Financial Corp purchased a new position in shares of Oklo during the 3rd quarter worth approximately $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.