Oklo (OKLO) Expected to Announce Quarterly Earnings on Thursday

Oklo (NYSE:OKLO - Get Free Report) will likely be releasing 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 Performance

NYSE OKLO traded down $2.47 during trading hours on Friday, reaching $52.56. The company's stock had a trading volume of 14,199,443 shares, compared to its average volume of 21,808,717. The business has a 50-day simple moving average of $30.39 and a 200 day simple moving average of $19.15. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Oklo

In related 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 owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Kinzley acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $99,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is 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.