Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 3,143 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.00, for a total value of $37,716.00. Following the transaction, the chief financial officer now directly owns 217,522 shares in the company, valued at approximately $2,610,264. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ravi Narula also recently made the following trade(s):

  • On Monday, December 18th, Ravi Narula sold 3,535 shares of Ooma stock. The stock was sold at an average price of $12.00, for a total value of $42,420.00.

Shares of Ooma Inc (NYSE:OOMA) traded down $0.35 during trading on Wednesday, hitting $11.20. The stock had a trading volume of 72,400 shares, compared to its average volume of 139,128. Ooma Inc has a twelve month low of $7.30 and a twelve month high of $12.30.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. The business had revenue of $28.50 million for the quarter, compared to analyst estimates of $28.04 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. sell-side analysts expect that Ooma Inc will post -0.69 earnings per share for the current year.

Several equities analysts have recently commented on OOMA shares. Northland Securities set a $11.00 price target on Ooma and gave the company a “buy” rating in a research note on Friday, August 25th. B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of Ooma in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Ooma has an average rating of “Hold” and an average target price of $12.67.

Several institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC purchased a new stake in shares of Ooma in the 3rd quarter valued at $115,000. Rhumbline Advisers purchased a new stake in shares of Ooma in the 2nd quarter valued at $128,000. New York State Common Retirement Fund purchased a new stake in shares of Ooma in the 2nd quarter valued at $144,000. Menta Capital LLC raised its holdings in shares of 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. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma in the 2nd quarter valued at $186,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

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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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