194,921 Shares in Ooma, Inc. $OOMA Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ooma, Inc. (NYSE:OOMA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 194,921 shares of the technology company’s stock, valued at approximately $3,746,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.71% of Ooma as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma during the 4th quarter worth $34,000. Tower Research Capital LLC TRC lifted its position in Ooma by 225.2% during the 2nd 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. Meeder Asset Management Inc. boosted its holdings in Ooma by 28.3% during the first 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 period. CWM LLC boosted its holdings in Ooma by 45.6% during the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,378 shares during the period. Finally, Royal Bank of Canada grew its position 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 valued at $53,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.

Insider Transactions at Ooma

In other news, CEO Eric B. Stang sold 23,212 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $20.00, for a total value of $464,240.00. Following the completion of the transaction, the chief executive officer owned 795,506 shares in the company, valued at approximately $15,910,120. This represents a 2.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William D. Pearce sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total transaction of $53,940.00. Following the transaction, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. The trade was a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 118,652 shares of company stock worth $2,225,186. 9.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OOMA has been the subject of several research analyst reports. William Blair set a $24.00 price objective on Ooma in a research report on Monday, August 17th. B. Riley Financial lifted their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Monday, August 17th. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ooma has an average rating of “Moderate Buy” and an average target price of $25.00.

Ooma Price Performance

Shares of OOMA stock opened at $22.90 on Friday. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19. The company has a market capitalization of $629.75 million, a P/E ratio of 60.26 and a beta of 1.19. The stock has a 50 day moving average of $20.44 and a two-hundred day moving average of $17.17. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma had a return on equity of 23.89% and a net margin of 3.57%.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 0.8 EPS for the current year.

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.