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Joanna G. Lambert, the Chief Operating Officer of Olo Inc. (NYSE:OLO), recently sold a portion of her holdings in the company. According to a recent filing, Lambert sold 32,060 shares of Class A Common Stock on March 7, 2025. The shares were sold at an average price of $6.3482, amounting to a total transaction value of $203,523. The transaction comes as Olo’s stock, currently trading at $6.08, has experienced a 9.3% decline over the past week, though it remains up 27.5% over the last six months. According to InvestingPro analysis, the stock is currently trading below its Fair Value.
The shares were sold to cover tax withholding obligations related to the vesting and settlement of restricted stock units, rather than being a discretionary trade by Lambert. Following this transaction, Lambert retains direct ownership of 960,446 shares in the company. With a market capitalization of approximately $1 billion, Olo maintains strong liquidity, with its current ratio of 7.5x indicating robust financial health. For deeper insights into insider trading patterns and comprehensive financial analysis, consider accessing the full research report available on InvestingPro.
The sale price was determined based on a weighted average, with individual transactions occurring at prices ranging from $6.205 to $6.535. This adjustment also corrects a clerical error in a previous filing, which had over-reported Lambert’s holdings by 100 shares.
In other recent news, Olo Inc. reported its fourth-quarter 2024 earnings, revealing a 21% year-over-year increase in revenue, reaching $76.1 million. The company’s earnings per share (EPS) met analyst expectations at $0.06. For the full year 2024, Olo’s revenue was $284.9 million, marking a 25% increase compared to the previous year. Olo Pay contributed significantly to this growth, generating over $70 million in revenue, which exceeded initial projections. Looking forward, Olo has set a revenue guidance of $333 million to $336 million for 2025.
Goldman Sachs maintained a Neutral rating on Olo’s stock, with a price target of $8.50, following these earnings announcements. The firm noted Olo’s revenue exceeded Wall Street’s forecasts by 5%, and EBIT margins were approximately 300 basis points better than anticipated. Despite these positive developments, Goldman Sachs analysts are looking for further signs of cross-selling and margin improvement in Olo Pay.
Olo’s strategic initiatives include product enhancements and partnerships, such as the recent collaboration with Freedom Pay, which is expected to accelerate card present payments. The company aims to expand its active locations and achieve a Rule of 40 performance by the end of 2025. Additionally, the firm is focusing on increasing the adoption of its Engage suite and Catering+ service, which have shown promising growth in recent quarters.
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