Oklo (NYSE:OKLO) Trading Up 16.8% - Here's Why

Market Beat
2026.05.06 22:36
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Oklo Inc. (NYSE:OKLO) shares surged 16.8% during mid-day trading, reaching $79.8450. The trading volume increased by 96% compared to the average. Analysts have mixed ratings, with Citigroup lowering its price target to $73.50, while Cantor Fitzgerald set a target of $122.00. The stock has a consensus rating of "Moderate Buy" and an average target price of $87.68. Recent insider sales included CEO Jacob Dewitte selling 140,000 shares. Institutional investors have also increased their stakes in the company, with 85.03% of shares owned by hedge funds and other institutions.