Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal Sells 4,852 Shares of Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 4,852 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $13.28, for a total value of $64,434.56. Following the completion of the sale, the chief accounting officer now directly owns 76,079 shares of the company’s stock, valued at $1,010,329.12. The trade was a 6.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Namrata Sabharwal also recently made the following trade(s):

• On Tuesday, June 3rd, Namrata Sabharwal sold 3,428 shares of Ooma stock. The stock was sold at an average price of $13.46, for a total value of $46,140.88.

Ooma Stock Performance

Shares of OOMA opened at $13.25 on Friday. The stock has a 50-day moving average of $12.72 and a two-hundred day moving average of $13.77. Ooma, Inc. has a one year low of $7.83 and a one year high of $17.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market cap of $365.29 million, a P/E ratio of -35.82 and a beta of 1.22.

Analyst Ratings Changes

A number of research firms have recently weighed in on OOMA. Benchmark raised their price objective on Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital lowered their price target on Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.63.

Institutional Trading of Ooma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OOMA. Quantbot Technologies LP acquired a new stake in Ooma during the 4th quarter worth about $92,000. EntryPoint Capital LLC acquired a new stake in Ooma during the 4th quarter worth about $153,000. Invesco Ltd. acquired a new stake in Ooma during the 1st quarter worth about $161,000. Oxford Asset Management LLP acquired a new stake in Ooma during the 4th quarter worth about $168,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ooma by 26.4% in the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company’s stock valued at $180,000 after buying an additional 2,663 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.