Insider Selling: Ooma (NYSE:OOMA) SVP Sells 2,481 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 2,481 shares of Ooma stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $20.03, for a total value of $49,694.43. Following the completion of the sale, the senior vice president owned 262,134 shares in the company, valued at approximately $5,250,544.02. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Price Performance

NYSE:OOMA traded up $0.29 during trading hours on Thursday, hitting $19.90. The company’s stock had a trading volume of 188,358 shares, compared to its average volume of 271,376. The business’s 50-day moving average is $18.23 and its two-hundred day moving average is $14.80. The company has a market capitalization of $547.14 million, a PE ratio of 62.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96.

Ooma (NYSE:OOMA) last released its 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. The company had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, research analysts anticipate that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Essential Partners LLC grew its stake in Ooma by 8.3% in the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares during the period. Meeder Asset Management Inc. raised its holdings in Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after acquiring an additional 740 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares during the period. Man Group plc lifted its stake in shares of Ooma by 5.1% during the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Ooma by 1.0% during the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 1,067 shares during the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on OOMA. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital upped their price target on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 price objective on Ooma in a report on Wednesday, May 27th. Finally, B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ooma has a consensus rating of “Moderate Buy” and an average price target of $22.33.

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.