B. Riley Has Negative Forecast for Oklo FY2027 Earnings

Oklo Inc. (NYSE:OKLO) – Stock analysts at B. Riley dropped their FY2027 earnings per share estimates for shares of Oklo in a research report issued on Wednesday, May 14th. B. Riley analyst R. Pfingst now forecasts that the company will post earnings per share of ($0.63) for the year, down from their prior forecast of ($0.52). B. Riley currently 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.

OKLO has been the subject of a number of other reports. HC Wainwright began coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 target price for the company. Citigroup restated a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. BTIG Research began coverage on Oklo in a report on Friday, April 11th. They set a “neutral” rating for the company. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. Finally, Wedbush set a $45.00 price objective on Oklo and gave the company an “outperform” rating in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.40.

Oklo Price Performance

Shares of Oklo stock opened at $39.79 on Monday. The business has a 50-day moving average of $25.69 and a 200 day moving average of $28.01. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -7.35 and a beta of -0.02.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, May 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04.

Insider Transactions at Oklo

In other Oklo news, Director John M. Jansen bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $24.57 per share, for a total transaction of $147,420.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $147,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Dewitte sold 35,365 shares of the business’s stock in a transaction that occurred on 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 owns 11,033,561 shares of the company’s stock, valued at approximately $277,494,059.15. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OKLO. Barclays PLC acquired a new position in Oklo during the third quarter worth approximately $58,000. Joule Financial LLC acquired a new position in Oklo during the fourth quarter worth approximately $1,963,000. Atomi Financial Group Inc. acquired a new position in Oklo during the fourth quarter worth approximately $19,285,000. Janney Montgomery Scott LLC acquired a new position in Oklo during the fourth quarter worth approximately $617,000. Finally, Secure Asset Management LLC acquired a new position in Oklo during the fourth quarter worth approximately $1,403,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.