Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,429 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,429 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $23.00, for a total value of $32,867.00. Following the completion of the transaction, the senior vice president directly owned 229,859 shares of the company’s stock, valued at approximately $5,286,757. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ooma Stock Performance

Shares of OOMA stock opened at $22.68 on Friday. The firm has a market capitalization of $625.91 million, a price-to-earnings ratio of 59.68 and a beta of 1.20. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $21.20 and its 200-day moving average price is $17.92. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19.

Ooma (NYSE:OOMA) last posted 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 business 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. Equities research analysts forecast that Ooma, Inc. will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Ooma

Several large investors have recently bought and sold shares of the stock. Amundi purchased a new stake in shares of Ooma in the first quarter valued at about $387,000. AQR Capital Management LLC purchased a new position in Ooma during the first quarter worth about $478,000. Millennium Management LLC grew its position in Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after purchasing an additional 142,220 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Ooma by 4.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock valued at $3,254,000 after buying an additional 11,300 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Ooma by 162.6% during the 1st quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock worth $448,000 after buying an additional 21,192 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OOMA has been the topic of several recent analyst reports. William Blair set a $24.00 price target on Ooma in a research note on Monday, August 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, B. Riley Financial upped their price objective on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

About Ooma

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.