Oklo (OKLO) Projected to Post Quarterly Earnings on Monday

Oklo (NYSE:OKLO) is expected to release its earnings data after the market closes on Monday, March 24th. Analysts expect Oklo to post earnings of ($0.08) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Oklo Stock Performance

Shares of Oklo stock opened at $27.82 on Monday. The firm has a fifty day simple moving average of $35.85 and a 200-day simple moving average of $23.27. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the business’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 sale, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at $271,056,066.85. The trade was a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $99,750. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OKLO. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Wedbush upped their target price 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. Citigroup upped their target price 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. Finally, B. Riley upped 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.