Oklo (OKLO) Projected to Post Quarterly Earnings on Thursday

Oklo (NYSE:OKLO - Get Free Report) is expected to be posting its quarterly earnings results 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

OKLO traded down $1.82 during trading on Tuesday, reaching $32.26. 16,393,335 shares of the company's stock were exchanged, compared to its average volume of 20,526,795. The company's fifty day moving average price is $34.28 and its 200-day moving average price is $21.31. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKLO. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Wedbush raised their price target on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Citigroup boosted their price objective on Oklo from $10.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

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Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were 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 of the company's stock, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Kinzley acquired 5,000 shares of the company's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, with a total value of $99,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company's stock.

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.