B. Riley Has Pessimistic View of Oklo FY2027 Earnings

Oklo Inc. (NYSE:OKLO - Free Report) - Research analysts at B. Riley decreased their FY2027 earnings estimates for shares of Oklo in a research report issued on Wednesday, May 14th. B. Riley analyst R. Pfingst now anticipates that the company will post earnings of ($0.63) per share for the year, down from their previous forecast of ($0.52). B. Riley has a "Buy" rating and a $58.00 price objective on the stock. The consensus estimate for Oklo's current full-year earnings is ($8.20) per share.

A number of other equities analysts also recently weighed in on OKLO. BTIG Research started coverage on shares of Oklo in a research note on Friday, April 11th. They issued a "neutral" rating on the stock. Craig Hallum assumed 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. Citigroup reissued a "neutral" rating on shares of Oklo in a research report on Wednesday. HC Wainwright assumed coverage on shares of Oklo in a research report on Wednesday, April 23rd. They set a "buy" rating and a $55.00 target price on the stock. Finally, Wedbush reissued an "outperform" rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.40.

Oklo Trading Up 0.7%

NYSE OKLO opened at $37.67 on Monday. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14. The company has a market capitalization of $5.24 billion, a PE ratio of -6.96 and a beta of -0.02. The firm's fifty day simple moving average is $25.42 and its 200-day simple moving average is $27.89.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04.

Insiders Place Their Bets

In other news, CEO Jacob Dewitte sold 35,365 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $25.15, for a total value of $889,429.75. Following the sale, the chief executive officer now directly owns 11,033,561 shares of the company's stock, valued at approximately $277,494,059.15. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Jansen purchased 6,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at $147,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Institutional Investors Weigh In On Oklo

Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at about $27,000. Sandy Spring Bank acquired a new stake in shares of Oklo in the fourth quarter valued at about $32,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo in the fourth quarter valued at about $32,000. Covestor Ltd acquired a new stake in Oklo during the fourth quarter worth about $34,000. Finally, KBC Group NV acquired a new stake in Oklo during the first quarter worth about $36,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Company Profile

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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