Ooma (NYSE:OOMA) CAO Namrata Sabharwal Sells 2,481 Shares of Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 2,481 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $23.20, for a total transaction of $57,559.20. Following the completion of the sale, the chief accounting officer owned 83,927 shares of the company’s stock, valued at $1,947,106.40. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ooma Price Performance

NYSE OOMA opened at $22.79 on Tuesday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The company has a fifty day simple moving average of $21.32 and a 200 day simple moving average of $18.07. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market cap of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, sell-side analysts predict that Ooma, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Ooma in a research report on Thursday, August 27th. B. Riley Financial upped their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Investors Weigh In On Ooma

Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Ooma in the 2nd quarter valued at approximately $50,000. Meeder Asset Management Inc. grew its holdings in shares of Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of Ooma during the 1st quarter worth approximately $96,000. California State Teachers Retirement System increased its position in shares of Ooma by 395.6% during the second quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company’s stock valued at $131,000 after purchasing an additional 5,431 shares during the period. Finally, Essential Partners LLC increased its position in shares of Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares during the period. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.