Ameriprise Financial Inc. lifted its stake in Ooma, Inc. (NYSE:OOMA) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,459,000 shares of the technology company’s stock after acquiring an additional 103,000 shares during the period. Ameriprise Financial Inc. owned 7.98% of Ooma worth $11,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. TIAA CREF Investment Management LLC bought a new position in shares of Ooma in the 2nd quarter valued at approximately $374,000. Teachers Advisors LLC bought a new position in shares of Ooma in the 2nd quarter valued at approximately $248,000. American Century Companies Inc. bought a new position in shares of Ooma in the 2nd quarter valued at approximately $458,000. Bank of New York Mellon Corp raised its stake in shares of Ooma by 187.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,044 shares of the technology company’s stock valued at $441,000 after acquiring an additional 35,894 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Ooma in the 2nd quarter valued at approximately $128,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Spencer D. Jackson sold 8,902 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $9.51, for a total transaction of $84,658.02. Following the completion of the transaction, the vice president now directly owns 115,496 shares of the company’s stock, valued at $1,098,366.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James A. Gustke sold 5,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $9.81, for a total value of $49,050.00. Following the transaction, the vice president now directly owns 196,333 shares of the company’s stock, valued at $1,926,026.73. The disclosure for this sale can be found here. Insiders have sold 66,371 shares of company stock valued at $671,551 over the last three months. Insiders own 11.42% of the company’s stock.

Ooma, Inc. (NYSE OOMA) opened at 10.55 on Tuesday. Ooma, Inc. has a 52 week low of $8.39 and a 52 week high of $11.00. The company’s market capitalization is $194.88 million. The company has a 50 day moving average price of $10.19 and a 200-day moving average price of $10.19.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Thursday, August 24th. The technology company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Ooma had a negative net margin of 11.48% and a negative return on equity of 30.96%. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $27.72 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Ooma, Inc. will post ($0.10) earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on OOMA shares. Northland Securities started coverage on Ooma in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $10.50 price objective on the stock. B. Riley reissued a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.92.

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.

Institutional Ownership by Quarter for Ooma (NYSE:OOMA)

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