Dynamic Technology Lab Private Ltd Boosts Stock Position in Olo Inc. (NYSE:OLO)

Dynamic Technology Lab Private Ltd raised its position in Olo Inc. (NYSE:OLO) by 16.5% during the third quarter, Holdings Channel.com reports. The firm owned 54,312 shares of the company’s stock after buying an additional 7,688 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in OLO were worth $269,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Algert Global LLC lifted its stake in shares of OLO by 9.6% during the third quarter. Algert Global LLC now owns 778,395 shares of the company’s stock valued at $3,861,000 after buying an additional 68,076 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in OLO by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock valued at $5,049,000 after acquiring an additional 127,569 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of OLO during the 3rd quarter worth $1,600,000. Intech Investment Management LLC acquired a new stake in shares of OLO during the third quarter worth $100,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of OLO by 52.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,528 shares of the company’s stock valued at $6,996,000 after purchasing an additional 487,919 shares during the period. 93.40% of the stock is owned by institutional investors and hedge funds.

OLO Stock Performance

Shares of OLO stock opened at $7.29 on Monday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -72.90 and a beta of 1.26. Olo Inc. has a one year low of $4.20 and a one year high of $7.47. The company has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.06.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd.

Insider Activity

In other OLO news, CRO Diego Panama sold 13,555 shares of OLO stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $4.90, for a total transaction of $66,419.50. Following the transaction, the executive now directly owns 569,859 shares of the company’s stock, valued at $2,792,309.10. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sherri Manning sold 9,356 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $4.90, for a total transaction of $45,844.40. Following the sale, the insider now owns 148,414 shares of the company’s stock, valued at approximately $727,228.60. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,148 shares of company stock valued at $554,425 in the last ninety days. Company insiders own 39.33% of the company’s stock.

About OLO

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.