Insider Selling: Ooma (NYSE:OOMA) SVP Sells $40,181.00 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,747 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $23.00, for a total transaction of $40,181.00. Following the transaction, the senior vice president owned 222,540 shares of the company’s stock, valued at approximately $5,118,420. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Trading Down 1.1%

OOMA stock opened at $21.98 on Thursday. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $26.19. 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 business’s 50 day moving average is $21.65 and its 200-day moving average is $18.55. The firm has a market cap of $606.79 million, a P/E ratio of 57.86 and a beta of 1.20.

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. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The business had revenue of $83.23 million during the quarter, compared to the consensus estimate of $81.72 million. 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 analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OOMA. Quantinno Capital Management LP grew its holdings in Ooma by 247.3% during the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 50,347 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Ooma in the second quarter worth about $558,000. Lazard Asset Management LLC bought a new position in shares of Ooma in the first quarter worth about $1,415,000. North Star Investment Management Corp. acquired a new position in shares of Ooma during the first quarter worth approximately $873,000. Finally, Hsbc Holdings PLC lifted its position in shares of Ooma by 107.3% during the fourth quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock worth $1,132,000 after purchasing an additional 50,114 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OOMA. Citigroup reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price objective on shares of Ooma in a research note on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Finally, B. Riley Financial lifted their target price on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Ooma has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.