Oklo’s (OKLO) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Oklo (NYSE:OKLO – Free Report) in a research report sent to investors on Monday,Benzinga reports. HC Wainwright currently has a $90.00 price target on the stock. HC Wainwright also issued estimates for Oklo’s Q4 2026 earnings at ($0.30) EPS, FY2026 earnings at ($0.99) EPS, FY2027 earnings at ($1.36) EPS, FY2028 earnings at ($1.49) EPS, FY2029 earnings at ($0.82) EPS and FY2030 earnings at $1.33 EPS.

Several other equities analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. B. Riley Financial cut their price target on Oklo from $92.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. UBS Group decreased their price objective on Oklo from $55.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Citigroup lowered their price objective on Oklo from $57.50 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Finally, Piper Sandler dropped their target price on Oklo from $55.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus price target of $67.83.

Check Out Our Latest Analysis on Oklo

Oklo Trading Up 3.3%

OKLO opened at $25.92 on Monday. The company’s fifty day moving average price is $32.73 and its two-hundred day moving average price is $51.40. Oklo has a 1-year low of $18.53 and a 1-year high of $116.98. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -27.00 and a beta of 1.31.

Oklo (NYSE:OKLO – Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05. The business had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same period last year, the business posted ($0.20) earnings per share. As a group, equities analysts forecast that Oklo will post -0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Richard Bealmear sold 16,727 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $25.55, for a total value of $427,374.85. Following the completion of the sale, the chief financial officer owned 467,261 shares in the company, valued at $11,938,518.55. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William Carroll Murphy Goodwin sold 11,592 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $461,013.84. Following the completion of the sale, the insider owned 45,268 shares of the company’s stock, valued at approximately $1,800,308.36. This represents a 20.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 350,203 shares of company stock worth $12,424,945. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Oklo

A number of institutional investors have recently added to or reduced their stakes in OKLO. Citizens Financial Group Inc. RI lifted its position in shares of Oklo by 1.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 18,704 shares of the company’s stock worth $928,000 after buying an additional 182 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Oklo by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 70,433 shares of the company’s stock valued at $3,493,000 after acquiring an additional 183 shares in the last quarter. Choreo LLC grew its holdings in shares of Oklo by 4.1% in the third quarter. Choreo LLC now owns 10,478 shares of the company’s stock valued at $388,000 after acquiring an additional 412 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Oklo by 6.6% in the second quarter. IFP Advisors Inc now owns 7,143 shares of the company’s stock valued at $374,000 after acquiring an additional 441 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in shares of Oklo by 8.8% during the first quarter. Diversify Wealth Management LLC now owns 5,885 shares of the company’s stock valued at $292,000 after acquiring an additional 475 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Key Stories Impacting Oklo

These are some of the OKLO stories that stood out recently:

  • Positive Sentiment: The U.S. Department of Energy cleared Oklo’s Groves-1 test reactor for unrestricted operations, allowing research, testing and training to begin. The milestone advances development and demonstrates progress, though it is not approval of a commercial power plant. Oklo’s Groves-1 cleared for unrestricted operations
  • Positive Sentiment: A previously announced long-term manufacturing agreement with U.S. Forged Rings is intended to secure domestic capacity for major Aurora reactor components, supporting future deployment plans. Oklo manufacturing agreement
  • Neutral Sentiment: Oklo has about $3.1 billion in cash to fund its ambitions, but investors are still awaiting clearer costs for its first Aurora powerhouse and binding commercial customer agreements. OKLO after Q3 earnings

About Oklo

(Get Free Report)

Oklo Inc. develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet. The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.

Further Reading

Analyst Recommendations for Oklo (NYSE:OKLO)

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