James A. Gustke Sells 8,485 Shares of Ooma Inc (OOMA) Stock
Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 8,485 shares of Ooma stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $11.23, for a total value of $95,286.55. Following the sale, the vice president now directly owns 173,689 shares in the company, valued at $1,950,527.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ooma Inc (OOMA) traded down $0.10 during trading on Thursday, hitting $11.45. The company had a trading volume of 99,100 shares, compared to its average volume of 139,867. Ooma Inc has a one year low of $7.30 and a one year high of $12.30.
Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million for the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. analysts predict that Ooma Inc will post -0.69 EPS for the current year.
OOMA has been the topic of a number of recent analyst reports. Northland Securities set a $11.00 price objective on Ooma and gave the stock a “buy” rating in a research note on Friday, August 25th. B. Riley reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Ooma has an average rating of “Hold” and a consensus target price of $12.67.
Institutional investors have recently bought and sold shares of the stock. Wolverine Trading LLC bought a new stake in Ooma in the third quarter worth approximately $115,000. Rhumbline Advisers bought a new stake in Ooma in the second quarter worth approximately $128,000. New York State Common Retirement Fund bought a new stake in Ooma in the second quarter worth approximately $144,000. Menta Capital LLC increased its holdings in Ooma by 58.3% in the second 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 in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Ooma in the second quarter worth approximately $186,000. 75.13% of the stock is currently owned by institutional investors.
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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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