Insider Selling: Ooma Inc (OOMA) CFO Sells 3,143 Shares of Stock
Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 3,143 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.00, for a total transaction of $37,716.00. Following the transaction, the chief financial officer now directly owns 217,522 shares of the company’s stock, valued at approximately $2,610,264. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ravi Narula also recently made the following trade(s):
- On Monday, December 18th, Ravi Narula sold 3,535 shares of Ooma stock. The stock was sold at an average price of $12.00, for a total transaction of $42,420.00.
Ooma Inc (NYSE OOMA) traded down $0.35 during trading on Tuesday, reaching $11.20. 72,468 shares of the company’s stock were exchanged, compared to its average volume of 139,128. Ooma Inc has a 52-week low of $7.30 and a 52-week high of $12.30.
Several large investors have recently bought and sold shares of OOMA. Wolverine Trading LLC bought a new position in shares of Ooma during the 3rd quarter worth about $115,000. Rhumbline Advisers bought a new position in shares of Ooma during the 2nd quarter worth about $128,000. New York State Common Retirement Fund bought a new position in shares of Ooma during the 2nd quarter worth about $144,000. Menta Capital LLC increased its holdings in shares of Ooma by 58.3% during the 2nd quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock worth $155,000 after purchasing an additional 7,123 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ooma during the 2nd quarter worth about $186,000. Institutional investors own 72.32% of the company’s stock.
A number of research analysts have weighed in on OOMA shares. Northland Securities reissued a “buy” rating and set a $13.00 target price on shares of Ooma in a research report on Friday, December 1st. B. Riley reissued a “buy” rating and set a $13.00 target price on shares of Ooma in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Ooma has a consensus rating of “Hold” and an average price target of $12.67.
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Ooma Company Profile
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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