Oklo (NYSE:OKLO - Get Free Report) is projected 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 Trading Up 3.1 %
Oklo stock traded up $1.02 during mid-day trading on Friday, hitting $33.41. 13,352,738 shares of the company traded hands, compared to its average volume of 20,225,553. Oklo has a one year low of $5.35 and a one year high of $59.14. The stock has a fifty day moving average price of $34.84 and a 200-day moving average price of $21.48.
Analyst Ratings Changes
Several brokerages have recently issued reports on OKLO. Wedbush raised their target price on shares of Oklo from $26.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Craig Hallum started coverage on Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target on the stock. B. Riley raised their target price on shares of Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Citigroup boosted their price target on Oklo from $10.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Oklo has an average rating of "Moderate Buy" and a consensus target price of $44.50.
View Our Latest Stock Report on Oklo
Insiders Place Their Bets
In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of Oklo stock in a transaction on Friday, December 20th. The shares were 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 of the company's stock, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Kinzley bought 5,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.
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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