Virtu Financial LLC Invests $174,000 in Olo Inc. (NYSE:OLO)

Virtu Financial LLC bought a new position in shares of Olo Inc. (NYSE:OLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 30,501 shares of the company’s stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sherbrooke Park Advisers LLC purchased a new position in shares of OLO in the third quarter valued at approximately $82,000. Victory Capital Management Inc. raised its stake in shares of OLO by 29.7% in the fourth quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock valued at $80,000 after acquiring an additional 3,219 shares in the last quarter. MQS Management LLC purchased a new position in OLO in the third quarter valued at $86,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in OLO by 18.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,178 shares of the company’s stock valued at $150,000 after purchasing an additional 3,991 shares during the period. Finally, Baker Tilly Wealth Management LLC grew its stake in OLO by 12.7% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 31,666 shares of the company’s stock worth $181,000 after purchasing an additional 3,580 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

OLO Price Performance

OLO stock opened at $4.46 on Monday. The business’s 50-day moving average is $4.67 and its two-hundred day moving average is $5.20. The firm has a market capitalization of $715.92 million, a P/E ratio of -15.38 and a beta of 1.27. Olo Inc. has a 1 year low of $4.25 and a 1 year high of $8.84.

OLO (NYSE:OLO) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. OLO had a negative net margin of 19.35% and a negative return on equity of 1.56%. The firm had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $64.22 million. During the same quarter last year, the company earned ($0.06) earnings per share. The firm’s revenue was up 27.3% compared to the same quarter last year. On average, analysts expect that Olo Inc. will post -0.08 EPS for the current year.

Insider Transactions at OLO

In related news, CRO Diego Panama sold 40,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the transaction, the executive now owns 592,806 shares of the company’s stock, valued at $2,786,188.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Diego Panama sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the transaction, the executive now directly owns 592,806 shares of the company’s stock, valued at $2,786,188.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joanna G. Lambert sold 6,290 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $4.51, for a total transaction of $28,367.90. Following the sale, the chief operating officer now directly owns 659,049 shares in the company, valued at approximately $2,972,310.99. The disclosure for this sale can be found here. In the last three months, insiders sold 78,686 shares of company stock valued at $362,798. Insiders own 39.33% of the company’s stock.

OLO Company Profile

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.