Oklo (OKLO) to Release Earnings on Thursday

Oklo (NYSE:OKLO) is projected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Oklo to post earnings of ($0.08) per share for the quarter.

Oklo Stock Down 5.5 %

NYSE:OKLO opened at $47.75 on Friday. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $52.99. The company has a 50 day moving average price of $26.63 and a 200 day moving average price of $17.39.

Analysts Set New Price Targets

OKLO has been the topic of several research analyst reports. Wedbush boosted their price objective on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Citigroup increased their price target on shares of 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 given a buy rating to the company. Based on data from MarketBeat, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Insider Activity at Oklo

In other news, Director Richard Kinzley bought 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $99,750. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the firm’s 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 sale, the chief executive officer now owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents 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 currently owned by company 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.