Insider Selling: Ooma (NYSE:OOMA) CFO Sells 4,807 Shares of Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 4,807 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $22.33, for a total transaction of $107,340.31. Following the sale, the chief financial officer directly owned 179,420 shares of the company’s stock, valued at approximately $4,006,448.60. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma Stock Up 3.4%

Shares of OOMA stock traded up $0.77 during trading hours on Thursday, reaching $23.30. The company had a trading volume of 366,700 shares, compared to its average volume of 430,474. The company has a market cap of $640.75 million, a price-to-earnings ratio of 61.32 and a beta of 1.20. The business has a fifty day simple moving average of $20.82 and a 200-day simple moving average of $17.52. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.89% and a net margin of 3.57%.The business had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, research analysts expect that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

OOMA has been the topic of a number of research reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. B. Riley Financial upped their target price on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. William Blair set a $24.00 price target on Ooma in a report on Monday, August 17th. Lake Street Capital restated a “buy” rating and set a $25.00 price objective on shares of Ooma in a research report on Thursday, August 27th. Finally, Benchmark restated a “buy” rating on shares of Ooma in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Institutional Trading of Ooma

A number of institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its holdings in Ooma by 247.3% in the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after buying an additional 50,347 shares during the period. Lazard Asset Management LLC bought a new position in shares of Ooma during the first quarter valued at approximately $1,415,000. Hsbc Holdings PLC raised its holdings in shares of Ooma by 107.3% during the fourth quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 50,114 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in Ooma in the first quarter worth $873,000. Finally, Bard Associates Inc. purchased a new stake in Ooma in the second quarter worth $558,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Key Ooma News

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

About Ooma

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.