Insider Selling: Ooma, Inc. (NYSE:OOMA) CAO Sells $64,434.56 in Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 4,852 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $13.28, for a total transaction of $64,434.56. Following the completion of the transaction, the chief accounting officer now owns 76,079 shares in the company, valued at approximately $1,010,329.12. The trade was a 6.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Namrata Sabharwal also recently made the following trade(s):

• On Tuesday, June 3rd, Namrata Sabharwal sold 3,428 shares of Ooma stock. The stock was sold at an average price of $13.46, for a total value of $46,140.88.

Ooma Stock Performance

Shares of OOMA opened at $13.25 on Monday. Ooma, Inc. has a one year low of $7.83 and a one year high of $17.00. The company has a market cap of $365.29 million, a PE ratio of -35.82 and a beta of 1.22. The stock has a 50-day moving average of $12.72 and a 200-day moving average of $13.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OOMA shares. Lake Street Capital cut their target price on Ooma from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Benchmark raised their price objective on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $17.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Ooma by 26.4% during the fourth quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company’s stock valued at $180,000 after acquiring an additional 2,663 shares in the last quarter. Bard Associates Inc. grew its position in Ooma by 31.1% in the 4th quarter. Bard Associates Inc. now owns 26,675 shares of the technology company’s stock valued at $375,000 after purchasing an additional 6,328 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Ooma by 40.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company’s stock valued at $3,223,000 after purchasing an additional 66,009 shares in the last quarter. Globeflex Capital L P raised its holdings in Ooma by 473.7% during the fourth quarter. Globeflex Capital L P now owns 77,305 shares of the technology company’s stock worth $1,087,000 after buying an additional 63,831 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Ooma in the fourth quarter valued at $92,000. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.