James A. Gustke Sells 1,959 Shares of Ooma, Inc. (OOMA) Stock
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.
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.
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.
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