Shigeyuki Hamamatsu Sells 27,696 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 27,696 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total transaction of $488,557.44. Following the completion of the sale, the chief financial officer directly owned 193,283 shares in the company, valued at approximately $3,409,512.12. The trade was a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shigeyuki Hamamatsu also recently made the following trade(s):

• On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80.

Ooma Stock Performance

NYSE OOMA opened at $17.34 on Friday. The stock has a market cap of $477.13 million, a P/E ratio of 54.20 and a beta of 1.22. The company’s 50-day simple moving average is $16.64 and its 200 day simple moving average is $13.64. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $21.96. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million for the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.52%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, research analysts forecast that Ooma, Inc. will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ooma

Large investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its position in shares of Ooma by 143.3% during the third quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock worth $2,377,000 after purchasing an additional 116,767 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Ooma during the fourth quarter worth approximately $1,877,000. JPMorgan Chase & Co. lifted its position in shares of Ooma by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock worth $6,641,000 after purchasing an additional 44,589 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after purchasing an additional 2,507 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma during the fourth quarter worth approximately $34,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on OOMA. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Lake Street Capital upped their price objective on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ooma presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

About Ooma

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.