Ooma Inc (NYSE:OOMA) CFO Sells $64,302.06 in Stock
Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 5,611 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $11.46, for a total transaction of $64,302.06. Following the sale, the chief financial officer now directly owns 195,357 shares of the company’s stock, valued at $2,238,791.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE OOMA opened at $10.60 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 0.07. The firm has a market cap of $219.42 million, a P/E ratio of -15.36 and a beta of 1.02. Ooma Inc has a 1 year low of $10.60 and a 1 year high of $17.50.
Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, May 21st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Ooma had a negative net margin of 11.75% and a negative return on equity of 42.73%. The business had revenue of $34.01 million during the quarter, compared to the consensus estimate of $33.64 million. On average, equities research analysts expect that Ooma Inc will post -0.82 earnings per share for the current year.
Several research firms recently issued reports on OOMA. Zacks Investment Research raised shares of Ooma from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. ValuEngine downgraded shares of Ooma from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Northland Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Ooma in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ooma currently has an average rating of “Buy” and an average price target of $17.70.
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
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