Insider Selling: Olo Inc. (NYSE:OLO) Director Sells $84,800.00 in Stock

Olo Inc. (NYSE:OLO) Director Zuhairah Scott Washington sold 10,000 shares of OLO stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.48, for a total transaction of $84,800.00. Following the completion of the sale, the director now owns 68,677 shares of the company’s stock, valued at $582,380.96. This represents a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zuhairah Scott Washington also recently made the following trade(s):

• On Tuesday, June 17th, Zuhairah Scott Washington sold 1,000 shares of OLO stock. The shares were sold at an average price of $8.51, for a total transaction of $8,510.00.

OLO Trading Down 2.2%

Shares of OLO stock opened at $8.34 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of 416.96 and a beta of 1.58. The firm has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $7.36. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $9.78.

OLO (NYSE:OLO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $80.68 million during the quarter, compared to analyst estimates of $77.47 million. OLO had a net margin of 1.09% and a return on equity of 1.46%. OLO’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. On average, equities analysts predict that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of OLO

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in OLO by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,090,745 shares of the company’s stock valued at $91,148,000 after purchasing an additional 401,364 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of OLO by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,491,755 shares of the company’s stock worth $26,817,000 after acquiring an additional 206,538 shares in the last quarter. Nuveen LLC bought a new stake in shares of OLO in the 1st quarter worth $15,330,000. Geode Capital Management LLC grew its stake in shares of OLO by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,466,289 shares of the company’s stock worth $18,945,000 after acquiring an additional 21,484 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of OLO by 48.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,321,232 shares of the company’s stock worth $17,827,000 after acquiring an additional 757,617 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

Analyst Ratings Changes

OLO has been the subject of several research analyst reports. Wall Street Zen lowered shares of OLO from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Lake Street Capital lifted their price objective on shares of OLO from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 9th.

About OLO

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.