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

Rice Hall James & Associates LLC trimmed its position in Olo Inc. (NYSE:OLO) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 535,265 shares of the company’s stock after selling 14,285 shares during the period. Rice Hall James & Associates LLC’s holdings in OLO were worth $4,111,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of OLO by 52.9% during 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 acquiring an additional 487,919 shares during the period. JPMorgan Chase & Co. lifted its position in OLO by 220.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company’s stock valued at $2,770,000 after purchasing an additional 384,196 shares during the period. Landscape Capital Management L.L.C. acquired a new position in OLO during the 3rd quarter valued at about $1,600,000. Walleye Capital LLC bought a new position in shares of OLO in the 3rd quarter valued at about $1,437,000. Finally, Barclays PLC grew its position in shares of OLO by 399.3% during the 3rd quarter. Barclays PLC now owns 190,335 shares of the company’s stock worth $943,000 after buying an additional 152,214 shares during the period. 93.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

OLO Trading Down 1.2 %

OLO opened at $7.26 on Tuesday. The firm’s fifty day moving average is $7.55 and its two-hundred day moving average is $6.22. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35.

About OLO

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.