Olo Inc. chief legal officer sells shares worth $67,542

Published 11/03/2025, 21:34
Olo Inc. chief legal officer sells shares worth $67,542

NEW YORK—Robert Morvillo, the Chief Legal Officer and Secretary of Olo Inc. (NYSE:OLO), recently sold a portion of his stake in the company. According to a filing with the Securities and Exchange Commission, Morvillo sold 10,640 shares of Olo’s Class A Common Stock on March 7. The shares were sold at a weighted average price of $6.348, resulting in a total transaction value of $67,542. The transaction comes as Olo’s stock has experienced a 9.3% decline over the past week, though it maintains a strong 27.5% gain over the last six months, according to InvestingPro data.

The sale was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as noted in the filing. This transaction was not a discretionary trade by Morvillo. Following the sale, Morvillo holds 396,645 shares of Olo Inc. The company maintains a strong financial position with more cash than debt on its balance sheet, and InvestingPro analysis indicates the stock is currently trading below its Fair Value.

Olo Inc., known for its digital ordering and delivery solutions, continues to navigate the market dynamics as executives manage their equity holdings. With a healthy current ratio of 7.52 and analysts forecasting profitability this year, the company shows promising fundamentals. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.

In other recent news, Olo Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $76.1 million, marking a 21% increase year-over-year. This performance exceeded analyst expectations, contributing to a full-year revenue of $284.9 million, a 25% increase from the previous year. Olo’s operating income for the quarter rose to $11.5 million, reflecting a 15.1% operating margin. The company has issued guidance for 2025, projecting revenue between $333 million and $336 million, with a non-GAAP operating income target ranging from $45.5 million to $47 million.

Goldman Sachs maintained its Neutral rating on Olo, with a price target of $8.50, following the company’s earnings announcement. The firm acknowledged Olo’s better-than-expected revenue and EBIT margins in the fourth quarter. Olo’s Olo Pay, a significant revenue driver, generated over $70 million, surpassing initial projections. The company also highlighted the adoption of its Engage suite and Catering+ service, which saw multiple brand deployments. Analysts from Goldman Sachs are monitoring the potential for increased cross-selling and margin improvements in Olo Pay.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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