Ooma, Inc. (NYSE:OOMA) VP James A. Gustke sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $9.81, for a total transaction of $49,050.00. Following the completion of the sale, the vice president now owns 196,333 shares in the company, valued at $1,926,026.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

James A. Gustke also recently made the following trade(s):

  • On Thursday, June 29th, James A. Gustke sold 2,691 shares of Ooma stock. The shares were sold at an average price of $8.18, for a total transaction of $22,012.38.

Shares of Ooma, Inc. (NYSE:OOMA) traded down 1.53% during trading on Tuesday, hitting $9.65. 9,739 shares of the company traded hands. The stock’s market capitalization is $178.25 million. The company has a 50-day moving average of $9.73 and a 200-day moving average of $9.79. Ooma, Inc. has a 52-week low of $8.39 and a 52-week high of $10.50.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.16). The business had revenue of $28.20 million during the quarter, compared to analyst estimates of $27.72 million. Ooma had a negative net margin of 11.48% and a negative return on equity of 30.96%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. Equities analysts expect that Ooma, Inc. will post ($0.10) EPS for the current year.

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OOMA has been the topic of a number of recent analyst reports. Northland Securities initiated coverage on shares of Ooma in a report on Tuesday, June 27th. They issued an “outperform” rating and a $10.50 price target on the stock. Credit Suisse Group cut shares of Ooma from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Wednesday, May 24th. ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. William Blair cut shares of Ooma from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 24th. Finally, Bank of America Corporation cut shares of Ooma from a “buy” rating to an “underperform” rating in a report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Ooma currently has a consensus rating of “Hold” and a consensus target price of $12.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Credit Suisse AG boosted its holdings in Ooma by 4.7% in the first quarter. Credit Suisse AG now owns 120,696 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 5,445 shares in the last quarter. Menta Capital LLC boosted its holdings in Ooma by 58.3% in the second quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock valued at $155,000 after purchasing an additional 7,123 shares in the last quarter. Spark Investment Management LLC boosted its holdings in Ooma by 50.7% in the first quarter. Spark Investment Management LLC now owns 22,300 shares of the technology company’s stock valued at $221,000 after purchasing an additional 7,500 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Ooma by 33.0% in the second quarter. GSA Capital Partners LLP now owns 30,600 shares of the technology company’s stock valued at $245,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ooma by 86.9% in the first quarter. Bank of New York Mellon Corp now owns 19,150 shares of the technology company’s stock valued at $191,000 after purchasing an additional 8,904 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

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

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