Ooma (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 27,696 Shares

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 27,696 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the completion of the sale, the chief financial officer owned 193,283 shares in the company, valued at $3,409,512.12. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shigeyuki Hamamatsu also recently made the following trade(s):

• On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The shares were sold at an average price of $14.22, for a total value of $153,433.80.

Ooma Trading Down 2.8%

NYSE OOMA opened at $17.64 on Wednesday. The business’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $13.51. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $21.96. The firm has a market capitalization of $485.14 million, a PE ratio of 55.11 and a beta of 1.22. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Ooma had a return on equity of 20.52% and a net margin of 3.17%.The firm had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, analysts expect that Ooma, Inc. will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC raised its stake in Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after buying an additional 626 shares during the period. Quantinno Capital Management LP increased its position in Ooma by 247.3% in the first 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 last quarter. Lazard Asset Management LLC purchased a new stake in Ooma in the first quarter worth $1,415,000. Renaissance Technologies LLC increased its position in Ooma by 12.2% in the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after buying an additional 99,100 shares during the last quarter. Finally, Walleye Capital LLC increased its position in Ooma by 63.3% in the first quarter. Walleye Capital LLC now owns 35,662 shares of the technology company’s stock worth $519,000 after buying an additional 13,829 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OOMA has been the topic of several research analyst reports. Lake Street Capital upped their target price on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Citigroup restated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.33.

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.