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.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative net margin of 11.65% and a negative return on equity of 32.29%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. equities analysts expect that Ooma Inc will post -0.69 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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