Trigran Investments Inc. Has $26.73 Million Stock Holdings in Ooma, Inc. $OOMA

Trigran Investments Inc. reduced its position in shares of Ooma, Inc. (NYSE:OOMA) by 25.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,229,212 shares of the technology company’s stock after selling 779,658 shares during the period. Ooma comprises about 4.8% of Trigran Investments Inc.’s portfolio, making the stock its 12th largest holding. Trigran Investments Inc. owned approximately 0.08% of Ooma worth $26,728,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OOMA. Barclays PLC increased its holdings in shares of Ooma by 14.7% during the third quarter. Barclays PLC now owns 126,323 shares of the technology company’s stock valued at $1,515,000 after acquiring an additional 16,171 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ooma by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 317,726 shares of the technology company’s stock worth $3,810,000 after purchasing an additional 7,215 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Ooma by 143.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after purchasing an additional 116,767 shares during the period. R Squared Ltd acquired a new stake in Ooma in the 3rd quarter valued at $310,000. Finally, Vanguard Group Inc. increased its stake in Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after purchasing an additional 34,960 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

Ooma Trading Up 11.5%

Shares of OOMA opened at $14.49 on Friday. The stock has a 50 day moving average of $11.87 and a 200 day moving average of $11.81. The company has a market capitalization of $399.92 million, a price-to-earnings ratio of 65.87 and a beta of 1.32. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $14.83.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Monday, December 8th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Ooma had a return on equity of 15.79% and a net margin of 2.36%.The firm had revenue of $67.63 million during the quarter, compared to the consensus estimate of $67.58 million. Ooma has set its FY 2026 guidance at 1.000-1.020 EPS and its Q4 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts predict that Ooma, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating on shares of Ooma in a research note on Thursday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.