Insider Selling: Ooma (NYSE:OOMA) SVP Sells $32,867.00 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,429 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $23.00, for a total value of $32,867.00. Following the completion of the transaction, the senior vice president directly owned 229,859 shares of the company’s stock, valued at approximately $5,286,757. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Stock Performance

OOMA opened at $22.79 on Friday. The firm has a fifty day moving average price of $21.26 and a 200 day moving average price of $17.95. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The stock has a market cap of $628.87 million, a P/E ratio of 59.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.69.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Equities research analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Ooma during the 2nd quarter worth approximately $50,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Ooma in the fourth quarter valued at approximately $34,000. Meeder Asset Management Inc. boosted its stake in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after acquiring an additional 867 shares during the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OOMA has been the topic of several research analyst reports. William Blair set a $24.00 price objective on Ooma in a report on Monday, August 17th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Ooma in a research report on Thursday, August 27th. UBS Group reissued a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Ooma Company Profile

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.