Stock Traders Buy Large Volume of Call Options on Oklo (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the target of some unusual options trading on Friday. Stock traders purchased 83,413 call options on the stock. This represents an increase of 86% compared to the average daily volume of 44,837 call options.

Insider Activity at Oklo

In related news, Director Richard Kinzley acquired 5,000 shares of the company’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 acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of 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 disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors have recently added to or reduced their stakes in OKLO. Peapack Gladstone Financial Corp bought a new stake in Oklo in the third quarter worth about $100,000. Sanctuary Advisors LLC purchased a new position in Oklo during the 3rd quarter valued at $100,000. Barclays PLC bought a new position in Oklo in the 3rd quarter valued at $58,000. Geode Capital Management LLC bought a new stake in shares of Oklo during the third quarter worth $5,971,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the third quarter valued at $94,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

OKLO has been the topic of a number of research reports. Wedbush initiated coverage on shares of Oklo in a report on Thursday, December 19th. They issued an “outperform” rating and a $26.00 price target on the stock. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup cut their price objective on shares of 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 Up 24.7 %

OKLO stock traded up $5.40 during trading on Friday, reaching $27.25. The company’s stock had a trading volume of 23,703,643 shares, compared to its average volume of 16,081,795. The company’s fifty day moving average is $21.78 and its 200-day moving average is $13.31. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12.

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.