Ooma Inc (OOMA) CFO Ravi Narula Sells 3,143 Shares of Stock
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.
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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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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