Ooma (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 10,790 Shares

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the sale, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ooma Trading Down 0.0%

NYSE:OOMA traded down $0.01 during mid-day trading on Monday, hitting $14.40. The company had a trading volume of 431,242 shares, compared to its average volume of 202,976. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $14.83. The firm has a market capitalization of $397.30 million, a price-to-earnings ratio of 65.43 and a beta of 1.32. The business has a fifty day simple moving average of $11.92 and a 200-day simple moving average of $11.84.

Ooma (NYSE:OOMA) last posted its earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $74.58 million for the quarter, compared to analysts’ expectations of $72.55 million. Ooma had a net margin of 2.36% and a return on equity of 15.79%. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. As a group, research analysts anticipate that Ooma, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Hedge Funds Weigh In On Ooma

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in shares of Ooma by 82.3% during the third quarter. Assenagon Asset Management S.A. now owns 264,347 shares of the technology company’s stock valued at $3,170,000 after purchasing an additional 119,339 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Ooma by 88.6% during the second quarter. Los Angeles Capital Management LLC now owns 47,699 shares of the technology company’s stock valued at $615,000 after acquiring an additional 22,410 shares during the period. Acadian Asset Management LLC lifted its position in Ooma by 8.2% in the second quarter. Acadian Asset Management LLC now owns 1,021,104 shares of the technology company’s stock worth $13,157,000 after purchasing an additional 77,133 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ooma by 13.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 272,300 shares of the technology company’s stock valued at $3,513,000 after purchasing an additional 32,308 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Ooma in the second quarter valued at $474,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.