Olo Inc. (NYSE:OLO) Insider Sells $405,300.00 in Stock

Olo Inc. (NYSE:OLO) insider Deanne Rhynard sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 11th. The stock was sold at an average price of $27.02, for a total value of $405,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Deanne Rhynard also recently made the following trade(s):

  • On Monday, September 20th, Deanne Rhynard sold 15,000 shares of OLO stock. The stock was sold at an average price of $33.59, for a total value of $503,850.00.
  • On Monday, September 13th, Deanne Rhynard sold 15,000 shares of OLO stock. The stock was sold at an average price of $33.45, for a total value of $501,750.00.

Shares of NYSE OLO traded up $1.27 during midday trading on Wednesday, hitting $28.55. The stock had a trading volume of 719,442 shares, compared to its average volume of 753,056. The stock has a 50 day simple moving average of $34.61 and a 200-day simple moving average of $33.29. Olo Inc. has a 1 year low of $22.88 and a 1 year high of $49.00.

OLO (NYSE:OLO) last released its earnings results on Tuesday, August 10th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $34.17 million. The business’s revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. On average, equities research analysts anticipate that Olo Inc. will post -0.06 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLO. Raine Capital LLC purchased a new position in shares of OLO in the first quarter valued at approximately $903,077,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of OLO in the first quarter valued at approximately $82,584,000. Morgan Stanley purchased a new position in OLO during the first quarter worth approximately $41,686,000. Ameriprise Financial Inc. purchased a new position in OLO during the first quarter worth approximately $35,180,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in OLO during the first quarter worth approximately $34,307,000. Institutional investors and hedge funds own 47.07% of the company’s stock.

OLO has been the topic of several research analyst reports. Piper Sandler raised their price objective on OLO from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, August 11th. Stifel Nicolaus raised OLO from a “hold” rating to a “buy” rating and raised their price objective for the company from $27.00 to $41.00 in a report on Wednesday, August 11th. Finally, Royal Bank of Canada raised their price objective on OLO from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $36.00.

OLO Company Profile

Olo Inc provides 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 enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; Dispatch, a fulfillment solution, which enables restaurants to offer, manage, and expand direct delivery; and Rails, an aggregator and channel management solution, which allows restaurants to control and syndicate menu, pricing, location data, and availability.

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Insider Buying and Selling by Quarter for OLO (NYSE:OLO)

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