<div id="readability-page-1"><p>Olo Inc. (NYSE:OLO - Get Free Report) CEO Noah Glass sold 11,735 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $10.25, for a total value of $120,283.75. Following the completion of the transaction, the chief executive officer directly owned 266,467 shares of the company's stock, valued at approximately $2,731,286.75. This trade represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.</p><h2>OLO Trading Down 0.2%</h2><p>NYSE:OLO traded down $0.02 during mid-day trading on Tuesday, reaching $10.26. The company's stock had a trading volume of 7,328,958 shares, compared to its average volume of 2,505,043. Olo Inc. has a 12-month low of $4.56 and a 12-month high of $10.55. The firm's fifty day moving average price is $10.17 and its two-hundred day moving average price is $8.34. The stock has a market cap of $1.74 billion, a P/E ratio of 146.57 and a beta of 1.58. </p><p>OLO (NYSE:OLO - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $85.72 million during the quarter, compared to analysts' expectations of $82.23 million. OLO had a positive return on equity of 2.13% and a negative net margin of 0.28%.OLO's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS.  Analysts predict that  Olo Inc. will post -0.03 earnings per share for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLO. Nuveen LLC bought a new position in  OLO in the 1st quarter worth approximately $15,330,000.  Broadwood Capital Inc. boosted its stake in  OLO by 112.2% in the 2nd quarter. Broadwood Capital Inc. now owns 3,782,821 shares of the company's stock worth $33,667,000 after purchasing an additional 2,000,487 shares during the period.  Bank of New York Mellon Corp boosted its stake in  OLO by 274.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,351,488 shares of the company's stock worth $8,163,000 after purchasing an additional 990,719 shares during the period.  Next Century Growth Investors LLC boosted its stake in  OLO by 227.4% in the 2nd quarter. Next Century Growth Investors LLC now owns 1,159,731 shares of the company's stock worth $10,322,000 after purchasing an additional 805,475 shares during the period.  Finally, Two Sigma Advisers LP boosted its stake in  OLO by 85.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,655,500 shares of the company's stock worth $12,714,000 after purchasing an additional 763,400 shares during the period. 93.40% of the stock is currently owned by institutional investors. </p><h2>Analyst Ratings Changes</h2><p>OLO has been the subject of a number of recent research reports. Truist Financial downgraded OLO from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded OLO from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, July 5th. Royal Bank Of Canada  restated a &#34;sector perform&#34; rating and set a $10.25 price target on shares of OLO in a research note on Monday, July 7th. Lake Street Capital downgraded OLO from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Thursday, July 3rd. Finally, Piper Sandler boosted their price objective on OLO from $8.00 to $10.25 and gave the company a &#34;neutral&#34; rating in a research note on Monday, July 7th. Four investment analysts have rated the stock with a Hold rating,  Based on data from MarketBeat, OLO presently has a consensus rating of &#34;Hold&#34; and a consensus price target of $10.17.</p><p><b>Get Our Latest Research Report on OLO</b></p><h2>About OLO</h2> (Get Free Report)<p>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. </p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than OLO</li><li>How Investors Can Identify and Successfully Trade Gap-Down Stocks</li><li>These 4 Mid-Caps Just Announced Big Buyback Plans</li><li>What Makes a Stock a Good Dividend Stock?</li><li>Ulta Beauty Stock: Strong Growth, Short-Term Volatility Ahead</li><li>How to Profit From Growth Investing </li><li>Should You Buy Figma Stock After Its 55% Post-IPO Drop?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9MTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9MTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in OLO Right Now?</h2><p>Before you consider OLO, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OLO wasn't on the list.</p><p>While OLO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Olo Inc. CEO Noah Glass sold 11,735 shares at $10.25 each, totaling $120,283.75, reducing his ownership by 4.22%. Post-sale, he holds 266,467 shares valued at approximately $2.73 million. The stock traded down 0.2% to $10.26, with a market cap of $1.74 billion. Olo reported Q2 earnings of $0.07 per share, missing estimates, but revenue increased by 21.6% year-over-year. Institutional investors own 93.4% of the stock, and recent analyst ratings suggest a consensus hold with a price target of $10.17.</p>

Insider Selling: OLO (NYSE:OLO) CEO Sells 11,735 Shares of Stock