Oklo (NYSE:OKLO) Shares Gap Down – What’s Next?

Oklo Inc. (NYSE:OKLO) shares gapped down before the market opened on Monday . The stock had previously closed at $18.53, but opened at $17.85. Oklo shares last traded at $18.03, with a volume of 2,556,123 shares trading hands.

Analyst Ratings Changes

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

Oklo Stock Up 3.3 %

The firm’s 50-day simple moving average is $20.08 and its 200-day simple moving average is $12.28.

Institutional Investors Weigh In On Oklo

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

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.