Oklo (NYSE:OKLO - Get Free Report) is expected to announce its earnings results after the market closes on Monday, March 24th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.
Oklo Trading Up 3.0 %
Shares of NYSE OKLO traded up $0.78 during mid-day trading on Wednesday, reaching $26.80. 1,221,876 shares of the company's stock were exchanged, compared to its average volume of 18,089,367. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14. The firm has a 50-day moving average price of $35.74 and a two-hundred day moving average price of $23.56.
Insider Buying and Selling
In other news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The stock was 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 in the company, valued at approximately $271,056,066.85. The trade was 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 the SEC website. Also, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $19.95 per share, with a total value of $99,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $99,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on OKLO shares. B. Riley lifted their target price on Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Wedbush raised their target price on Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They set a "buy" rating and a $44.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.
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About Oklo
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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.
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