Wedbush Weighs in on Oklo’s Q4 Earnings (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) – Investment analysts at Wedbush issued their Q4 2024 earnings per share (EPS) estimates for Oklo in a note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will post earnings of ($0.08) per share for the quarter. Wedbush has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for Oklo’s current full-year earnings is ($0.59) per share. Wedbush also issued estimates for Oklo’s Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.34) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.30) EPS.

Other equities analysts have also recently issued reports about the company. B. Riley started coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock. Citigroup lowered their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Price Performance

Oklo stock opened at $23.61 on Monday. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12. The stock has a fifty day simple moving average of $20.97 and a two-hundred day simple moving average of $12.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo in the 3rd quarter valued at $19,753,000. Portland Investment Counsel Inc. purchased a new position in Oklo during the 3rd quarter worth approximately $6,493,000. Readystate Asset Management LP purchased a new stake in shares of Oklo in the 3rd quarter valued at $6,193,000. Geode Capital Management LLC acquired a new stake in shares of Oklo in the third quarter worth $5,971,000. Finally, State Street Corp purchased a new position in shares of Oklo during the third quarter worth $2,889,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.61, for a total transaction of $4,982,596.09. Following the transaction, the chief executive officer now owns 12,543,085 shares of the company’s stock, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 21.80% 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.