B. Riley Comments on Oklo’s FY2027 Earnings (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) – Equities research analysts at B. Riley decreased their FY2027 EPS estimates for shares of Oklo in a research note issued on Wednesday, May 14th. B. Riley analyst R. Pfingst now expects that the company will earn ($0.63) per share for the year, down from their previous estimate of ($0.52). B. Riley currently has a “Buy” rating and a $58.00 target price on the stock. The consensus estimate for Oklo’s current full-year earnings is ($8.20) per share.

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

A number of other brokerages have also recently commented on OKLO. 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 for the company. Wedbush set a $45.00 price objective on Oklo and gave the stock an “outperform” rating in a research note on Wednesday, May 14th. Citigroup reiterated a “neutral” rating on shares of Oklo in a report on Wednesday, May 14th. HC Wainwright assumed coverage on Oklo in a report on Wednesday, April 23rd. They set a “buy” rating and a $55.00 target price on the stock. Finally, BTIG Research assumed coverage on Oklo in a report on Friday, April 11th. They set a “neutral” rating on the stock. Three research 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 has an average rating of “Moderate Buy” and a consensus target price of $46.40.

Oklo Stock Down 5.7%

Shares of Oklo stock opened at $37.45 on Monday. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The business has a fifty day simple moving average of $25.96 and a 200 day simple moving average of $28.08. The stock has a market cap of $5.21 billion, a PE ratio of -6.92 and a beta of -0.02.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $147,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Co-Founder, CEO Jacob DeWitte 139,635 shares of the firm’s stock in a transaction dated Friday, March 28th. Following the completion of the , the insider now directly owns 10,893,926 shares in the company, valued at $249,253,026.88. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this trade can be found here. Company insiders own 21.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. bought a new stake in Oklo in the 4th quarter valued at about $27,000. CoreCap Advisors LLC bought a new stake in Oklo in the 4th quarter valued at about $32,000. Sandy Spring Bank bought a new stake in Oklo in the 4th quarter valued at about $32,000. Covestor Ltd bought a new stake in Oklo in the 4th quarter valued at about $34,000. Finally, KBC Group NV acquired a new position in Oklo during the 1st quarter valued at about $36,000. 85.03% of the stock is owned by institutional investors.

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.