Oklo (OKLO) Projected to Post Earnings on Thursday

Oklo (NYSE:OKLO) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Oklo to post earnings of ($0.08) per share for the quarter.

Oklo Price Performance

Shares of OKLO stock opened at $32.26 on Wednesday. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14. The business has a 50 day simple moving average of $34.28 and a 200 day simple moving average of $21.31.

Analyst Ratings Changes

A number of brokerages recently issued reports on OKLO. Citigroup increased their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Craig Hallum assumed coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Wedbush increased their target price on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Insider Buying and Selling

In other Oklo news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

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.