FY2025 EPS Estimates for Oklo Lowered by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has lowered its FY2025 EPS estimates for Oklo to ($0.42) per share, down from a previous estimate of ($0.22), while maintaining an "Overweight" rating and a target price of $73.00.
• In recent analyst actions, BNP Paribas downgraded Oklo to a "strong sell," while Daiwa America upgraded the stock to "strong buy," indicating mixed sentiment among analysts.
• Insider trading activity saw CEO Jacob Dewitte sell 300,000 shares for $16.56 million, leading to a 2.88% reduction in his holdings, amidst total insider sales valued at over $35 million in the last quarter.

Oklo Inc. (NYSE:OKLO - Free Report) - Research analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for shares of Oklo in a research note issued on Tuesday, August 12th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will earn ($0.42) per share for the year, down from their previous estimate of ($0.22). Cantor Fitzgerald currently has a "Overweight" rating and a $73.00 target price on the stock. The consensus estimate for Oklo's current full-year earnings is ($8.20) per share. Cantor Fitzgerald also issued estimates for Oklo's FY2026 earnings at ($0.36) EPS.

Several other analysts have also recently commented on OKLO. BNP Paribas upgraded shares of Oklo to a "strong sell" rating in a research note on Friday, July 25th. BTIG Research reissued a "neutral" rating on shares of Oklo in a research report on Tuesday. Daiwa America upgraded shares of Oklo from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 27th. CLSA upgraded shares of Oklo from an "outperform" rating to a "moderate buy" rating and boosted their price objective for the stock from $50.00 to $74.00 in a research note on Tuesday, May 27th. Finally, HC Wainwright boosted their target price on shares of Oklo from $55.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.78.

Oklo Stock Performance

Shares of Oklo stock opened at $76.29 on Thursday. Oklo has a 1 year low of $5.35 and a 1 year high of $85.35. The company has a market capitalization of $11.26 billion, a P/E ratio of -183.04 and a beta of 0.60. The company's fifty day moving average is $63.94 and its two-hundred day moving average is $43.94.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06).

Insider Activity at Oklo

In other news, CEO Jacob Dewitte sold 300,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $55.20, for a total transaction of $16,560,000.00. Following the sale, the chief executive officer owned 10,105,098 shares in the company, valued at $557,801,409.60. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Stuart Klein sold 150,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $62.74, for a total value of $9,411,000.00. Following the completion of the sale, the director owned 250,000 shares in the company, valued at approximately $15,685,000. This trade represents a 37.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock valued at $35,066,500 over the last quarter. 18.90% of the stock is owned by insiders.

Institutional Trading of Oklo

Several large investors have recently bought and sold shares of the business. Caldwell Sutter Capital Inc. acquired a new stake in Oklo in the second quarter valued at approximately $25,000. Private Trust Co. NA purchased a new position in shares of Oklo during the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC lifted its holdings in Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company's stock worth $25,000 after acquiring an additional 250 shares during the period. TD Waterhouse Canada Inc. bought a new stake in Oklo during the fourth quarter worth $27,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Oklo during the second quarter worth $28,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.