Shigeyuki Hamamatsu Sells 10,790 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80. Following the sale, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at approximately $3,286,640.16. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ooma Trading Down 0.0%

OOMA stock traded down $0.01 during mid-day trading on Monday, reaching $14.40. 431,242 shares of the stock traded hands, compared to its average volume of 202,976. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $14.83. The stock’s fifty day moving average is $11.92 and its 200-day moving average is $11.84. The company has a market cap of $397.30 million, a P/E ratio of 65.43 and a beta of 1.32.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Ooma had a net margin of 2.36% and a return on equity of 15.79%. The company had revenue of $74.58 million for the quarter, compared to the consensus estimate of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Equities research analysts expect that Ooma, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of Ooma

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its position in Ooma by 5.2% in the 4th quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 2,116 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Ooma by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 169,937 shares of the technology company’s stock valued at $1,969,000 after buying an additional 28,396 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Ooma by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock valued at $227,000 after buying an additional 1,627 shares in the last quarter. Man Group plc grew its stake in shares of Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after buying an additional 880 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Ooma in the fourth quarter worth approximately $552,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.