Rice Hall James & Associates LLC Sells 14,285 Shares of Olo Inc. (NYSE:OLO)

Rice Hall James & Associates LLC lessened its position in Olo Inc. (NYSE:OLO) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 535,265 shares of the company’s stock after selling 14,285 shares during the quarter. Rice Hall James & Associates LLC owned about 0.33% of OLO worth $4,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OLO. Tandem Financial LLC bought a new stake in shares of OLO in the fourth quarter valued at approximately $26,000. MQS Management LLC raised its stake in OLO by 15.9% during the 3rd quarter. MQS Management LLC now owns 28,363 shares of the company’s stock valued at $141,000 after purchasing an additional 3,898 shares during the last quarter. Creative Planning raised its stake in OLO by 15.1% during the 3rd quarter. Creative Planning now owns 30,371 shares of the company’s stock valued at $151,000 after purchasing an additional 3,974 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in OLO by 16.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,312 shares of the company’s stock valued at $269,000 after purchasing an additional 7,688 shares during the period. Finally, SG Americas Securities LLC grew its position in OLO by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 49,771 shares of the company’s stock worth $382,000 after purchasing an additional 7,979 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

OLO Stock Performance

Shares of OLO stock opened at $7.26 on Tuesday. The firm has a fifty day moving average of $7.55 and a 200-day moving average of $6.22. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $8.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OLO. StockNews.com lowered shares of OLO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price target on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th.

OLO Profile

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