Insider Selling: Ooma (NYSE:OOMA) CEO Sells $235,712.75 in Stock

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 10,361 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $22.75, for a total value of $235,712.75. Following the completion of the transaction, the chief executive officer directly owned 1,189,580 shares in the company, valued at approximately $27,062,945. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ooma Stock Performance

Ooma stock opened at $22.57 on Thursday. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $18.22. The stock has a market capitalization of $622.79 million, a price-to-earnings ratio of 59.38 and a beta of 1.20. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $26.19.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OOMA. B. Riley Financial boosted their target price on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. William Blair set a $24.00 price objective on Ooma in a research report on Monday, August 17th. Benchmark reissued a “buy” rating on shares of 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. Finally, Lake Street Capital reissued a “buy” rating and set a $25.00 price target on shares of Ooma in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

Institutional Investors Weigh In On Ooma

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Ooma in the 2nd quarter valued at approximately $69,001,000. Hillsdale Investment Management Inc. acquired a new position in Ooma during the first quarter worth $5,847,000. Globeflex Capital L P bought a new stake in Ooma during the second quarter worth $4,235,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ooma during the second quarter worth $3,746,000. Finally, AWM Investment Company Inc. acquired a new stake in Ooma in the second quarter valued at $3,341,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

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.