30,000 Shares of Ooma, Inc. $OOMA Bought by Sigma Planning Corp

Sigma Planning Corp acquired a new stake in Ooma, Inc. (NYSE:OOMA) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,000 shares of the technology company’s stock, valued at approximately $613,000.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Ooma during the third quarter worth about $26,000. USA Financial Formulas purchased a new position in shares of Ooma in the third quarter worth about $48,000. Meeder Asset Management Inc. increased its stake in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Ooma in the second quarter valued at approximately $50,000. Finally, Archer Investment Corp bought a new stake in shares of Ooma in the first quarter valued at approximately $96,000. 80.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group restated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Freedom Broker lifted their price objective on shares of Ooma from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Monday, September 28th. William Blair set a $24.00 target price on Ooma in a research report on Monday, August 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ooma in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Ooma currently has an average rating of “Buy” and an average price target of $25.00.

Insiders Place Their Bets

In other Ooma news, CAO Namrata Sabharwal sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $22.16, for a total value of $33,240.00. Following the sale, the chief accounting officer directly owned 83,455 shares in the company, valued at $1,849,362.80. This represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Stang sold 10,361 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $22.75, for a total transaction of $235,712.75. Following the completion of the transaction, the chief executive officer directly owned 1,189,580 shares of the company’s stock, valued at approximately $27,062,945. The trade was a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 85,104 shares of company stock worth $1,966,383. Company insiders own 9.90% of the company’s stock.

Ooma Stock Down 2.0%

OOMA stock opened at $19.91 on Friday. The stock has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $17.60. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $26.19. The firm has a market capitalization of $549.52 million, a PE ratio of 52.40 and a beta of 1.23. 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 (NYSE:OOMA) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (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 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. On average, equities analysts predict that Ooma, Inc. will post 0.87 EPS for the current fiscal year.

Ooma Profile

Ooma, Inc provides cloud-based communications and connected services for small and mid-sized businesses, enterprises and residential customers. Its business offerings are designed to support voice communications, collaboration and business continuity through internet-based platforms rather than traditional telephone systems.

The company’s product portfolio includes Ooma Office, a cloud-based business phone system; Ooma Office Pro, which adds enhanced communications and collaboration features; and Ooma AirDial, a cloud-based replacement for traditional analog telephone lines.