Diego Panama Sells 9,392 Shares of Olo Inc. (NYSE:OLO) Stock

Olo Inc. (NYSE:OLOGet Free Report) CRO Diego Panama sold 9,392 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $4.52, for a total value of $42,451.84. Following the transaction, the executive now directly owns 583,414 shares of the company’s stock, valued at approximately $2,637,031.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Diego Panama also recently made the following trade(s):

  • On Friday, May 10th, Diego Panama sold 40,000 shares of OLO stock. The shares were sold at an average price of $4.70, for a total transaction of $188,000.00.

OLO Stock Up 1.4 %

Shares of OLO stock opened at $4.50 on Tuesday. The stock has a market cap of $722.34 million, a price-to-earnings ratio of -15.52 and a beta of 1.27. Olo Inc. has a twelve month low of $4.25 and a twelve month high of $8.84. The company’s fifty day moving average is $4.80 and its 200 day moving average is $5.27.

OLO (NYSE:OLOGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. OLO had a negative return on equity of 1.56% and a negative net margin of 19.35%. The firm had revenue of $66.51 million for the quarter, compared to analyst estimates of $64.22 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The business’s revenue was up 27.3% on a year-over-year basis. As a group, equities analysts anticipate that Olo Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, OLO has a consensus rating of “Moderate Buy” and a consensus price target of $9.10.

Read Our Latest Stock Report on OLO

Institutional Investors Weigh In On OLO

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in OLO by 190.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 821,404 shares of the company’s stock worth $4,978,000 after purchasing an additional 538,231 shares during the period. Lord Abbett & CO. LLC bought a new position in OLO during the third quarter worth $3,499,000. Tudor Investment Corp Et Al boosted its stake in OLO by 81.9% during the third quarter. Tudor Investment Corp Et Al now owns 414,511 shares of the company’s stock worth $2,512,000 after acquiring an additional 186,635 shares in the last quarter. Swiss National Bank grew its holdings in OLO by 1.6% in the third quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $1,322,000 after purchasing an additional 3,500 shares during the period. Finally, Vanguard Group Inc. raised its stake in OLO by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,849,783 shares of the company’s stock worth $71,810,000 after buying an additional 495,247 shares during the period. 93.40% of the stock is owned by institutional investors.

OLO Company Profile

(Get Free Report)

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.

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

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