Insider Selling: Ooma (NYSE:OOMA) SVP Sells 1,757 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,757 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $22.00, for a total value of $38,654.00. Following the completion of the transaction, the senior vice president directly owned 258,615 shares in the company, valued at $5,689,530. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ooma Price Performance

OOMA traded down $0.43 during trading on Thursday, hitting $21.45. The company’s stock had a trading volume of 429,702 shares, compared to its average volume of 284,660. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $589.88 million, a price-to-earnings ratio of 67.03 and a beta of 1.20. The firm’s 50 day moving average price is $18.88 and its two-hundred day moving average price is $15.75. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $22.20.

Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Sell-side analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ooma

A number of institutional investors and hedge funds have recently modified their holdings of OOMA. Vanguard Group Inc. lifted its holdings in Ooma by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after buying an additional 34,960 shares during the period. Renaissance Technologies LLC raised its position in shares of Ooma by 12.2% during the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after acquiring an additional 99,100 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Ooma by 4.0% during the 4th quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after acquiring an additional 22,125 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ooma by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Ooma in the 1st quarter valued at $5,847,000. 80.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OOMA. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday, May 18th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 target price on Ooma in a research report on Wednesday, May 27th. Finally, Lake Street Capital upped their price target on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Ooma Company Profile

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.