Insider Sale: COO of Olo Inc. (NYSE: OLO) sells 16,575 shares

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Olo Inc. (NYSE: OLO) COO Matthew J. Tucker sold 16,575 shares of the company in a transaction dated Wednesday, November 3. The shares were sold at an average price of $ 27.76, for a total value of $ 460,122.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this link.

OLO actions traded up $ 0.01 on Friday, reaching $ 27.94. The company’s shares had a trading volume of 530,732 shares, compared to its average volume of 801,584. Olo Inc. has a 52-week low of $ 22.88 and a 52-week high of $ 49.00 . The company has a fifty-day moving average of $ 32.93 and a two-hundred-day moving average of $ 33.27.

OLO (NYSE: OLO) last released its quarterly earnings data on Tuesday, August 10. The company reported earnings per share (EPS) of $ 0.03 for the quarter, beating analyst consensus estimates of $ 0.01 by $ 0.02. The company posted revenue of $ 35.90 million in the quarter, compared to a consensus estimate of $ 34.17 million. During the same period last year, the company achieved earnings per share of $ 0.05. The company’s quarterly revenue is up 47.7% from the same quarter last year. On average, equity analysts expect Olo Inc. to post EPS of -0.06 for the current fiscal year.

Several research firms recently commented on the OLO. Royal Bank of Canada raised its target price on the OLO from $ 35 to $ 38.00 and gave the company an “outperformance” rating in a report released on Monday, August 9. Piper Sandler raised its target price on the OLO from $ 35 to $ 39 and gave the company an “overweight” rating in a report released on Wednesday, August 11. Finally, Stifel Nicolaus upgraded the OLO from a “hold” rating to a “buy” rating and increased its target price for the company from $ 27.00 to $ 41.00 in a report released on Wednesday, August 11. One investment analyst rated the stock with a conservation rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $ 36.00.

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Hedge funds recently changed their holdings of equities. Benjamin F. Edwards & Company Inc. purchased a new OLO position in Q3 for a value of approximately $ 38,000. Castleview Partners LLC acquired a new stake in OLO in the second quarter valued at approximately $ 47,000. Teachers Retirement System of the State of Kentucky acquired a new stake in OLO in the first quarter valued at approximately $ 48,000. JPMorgan Chase & Co. increased its OLO position by 137.4% in the second quarter. JPMorgan Chase & Co. now owns 1,885 shares of the company valued at $ 70,000 after purchasing an additional 1,091 shares during the period. Finally, Citigroup Inc. acquired a new stake in OLO in the first quarter valued at approximately $ 106,000. 48.98% of the shares are held by institutional investors and hedge funds.

About OLO

Olo Inc provides a software as a service platform for multi-location restaurants in the United States. The company’s platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Ordering, an on-demand commerce solution that allows consumers to directly order and pay restaurants via mobile, web, kiosk, voice and other digital channels; Dispatch, an order fulfillment solution, which enables restaurants to offer, manage and extend drop-shipping; and Rails, a channel aggregation and management solution, which allows restaurants to control and syndicate menu, prices, location data and availability.

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Insider buys and sells by quarter for OLO (NYSE: OLO)

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