Ooma, Inc. (NYSE:OOMA) VP James A. Gustke sold 1,959 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $10.50, for a total value of $20,569.50. Following the completion of the sale, the vice president now directly owns 189,374 shares in the company, valued at approximately $1,988,427. The sale 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 value of $22,012.38.

Ooma, Inc. (NYSE OOMA) opened at 10.65 on Thursday. The stock’s market cap is $196.73 million. The stock has a 50 day moving average price of $9.73 and a 200-day moving average price of $9.73. Ooma, Inc. has a 52 week low of $8.39 and a 52 week high of $10.75.

Ooma (NYSE:OOMA) last issued its earnings results on Thursday, August 24th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.16). Ooma had a negative return on equity of 30.96% and a negative net margin of 11.48%. The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $27.72 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that Ooma, Inc. will post ($0.10) EPS for the current fiscal year.

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Several equities research analysts recently weighed in on OOMA shares. Northland Securities set a $11.00 price objective on Ooma and gave the company a “buy” rating in a report on Friday, August 25th. B. Riley reiterated a “buy” rating and set a $13.00 price target on shares of Ooma in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.00.

Several institutional investors have recently bought and sold shares of the company. Credit Suisse AG boosted its position in Ooma by 4.7% in the 1st quarter. Credit Suisse AG now owns 120,696 shares of the technology company’s stock valued at $1,201,000 after buying an additional 5,445 shares during the period. Menta Capital LLC boosted its position in Ooma by 58.3% in the 2nd quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock valued at $155,000 after buying an additional 7,123 shares during the period. Spark Investment Management LLC boosted its position in Ooma by 50.7% in the 1st quarter. Spark Investment Management LLC now owns 22,300 shares of the technology company’s stock valued at $221,000 after buying an additional 7,500 shares during the period. GSA Capital Partners LLP boosted its position in Ooma by 33.0% in the 2nd quarter. GSA Capital Partners LLP now owns 30,600 shares of the technology company’s stock valued at $245,000 after buying an additional 7,600 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Ooma by 86.9% in the 1st quarter. Bank of New York Mellon Corp now owns 19,150 shares of the technology company’s stock valued at $191,000 after buying an additional 8,904 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

About Ooma

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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