Oklo (OKLO) to Release Quarterly Earnings on Thursday

Oklo (NYSE:OKLO) 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 Down 6.8 %

Oklo stock opened at $50.06 on Wednesday. The company has a fifty day simple moving average of $28.41 and a 200-day simple moving average of $18.36. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Insider Activity

In related news, Director Richard Kinzley bought 5,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were 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 directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction dated Friday, December 20th. The stock was 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 position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup upped their price objective 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. Wedbush upped their price target on Oklo from $26.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Craig Hallum initiated coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.