Ooma Inc. (NYSE:OOMA) VP James A. Gustke sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $8.97, for a total transaction of $53,820.00. Following the transaction, the vice president now owns 194,327 shares of the company’s stock, valued at $1,743,113.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Ooma Inc. (NYSE:OOMA) traded up 0.84% on Wednesday, hitting $9.05. 9,467 shares of the stock traded hands. The firm’s market cap is $157.50 million. Ooma Inc. has a 52 week low of $5.43 and a 52 week high of $9.92. The stock has a 50-day moving average price of $8.81 and a 200 day moving average price of $8.36.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, August 30th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The firm earned $25.50 million during the quarter, compared to the consensus estimate of $25.21 million. Ooma’s revenue was up 20.9% on a year-over-year basis. Equities research analysts predict that Ooma Inc. will post ($0.22) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new stake in Ooma during the first quarter worth about $473,000. Emerald Acquisition Ltd. bought a new stake in Ooma during the second quarter worth about $779,000. Boston Partners bought a new stake in Ooma during the second quarter worth about $2,316,000. Vanguard Group Inc. increased its stake in Ooma by 9.6% in the second quarter. Vanguard Group Inc. now owns 235,697 shares of the company’s stock worth $1,931,000 after buying an additional 20,566 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock worth $185,000 after buying an additional 7,150 shares in the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on OOMA shares. Credit Suisse Group AG restated a “buy” rating on shares of Ooma in a research report on Wednesday, August 31st. Bank of America Corp. restated a “buy” rating and set a $12.00 price objective on shares of Ooma in a research report on Wednesday, August 31st. B. Riley restated a “buy” rating and set a $15.50 price objective on shares of Ooma in a research report on Wednesday. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, JMP Securities boosted their price objective on shares of Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.71.

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About Ooma

Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.

5 Day Chart for NYSE:OOMA

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