Insider Selling: Ooma (NYSE:OOMA) SVP Sells $44,804.00 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,948 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $23.00, for a total transaction of $44,804.00. Following the transaction, the senior vice president owned 225,978 shares in the company, valued at $5,197,494. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ooma Stock Up 0.1%

OOMA traded up $0.02 on Monday, hitting $22.79. The company had a trading volume of 433,523 shares, compared to its average volume of 311,439. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $26.19. The stock has a fifty day simple moving average of $21.26 and a 200-day simple moving average of $18.00. The firm has a market capitalization of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20.

Ooma (NYSE:OOMA) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Ooma, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. B. Riley Financial boosted their target price on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. William Blair set a $24.00 price target on shares of Ooma in a research note on Monday, August 17th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Trading of Ooma

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

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.