Insider Selling: Ooma (NYSE:OOMA) CEO Sells $511,821.00 in Stock

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 27,666 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $18.50, for a total value of $511,821.00. Following the transaction, the chief executive officer directly owned 818,718 shares of the company’s stock, valued at $15,146,283. The trade was a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ooma Stock Performance

Shares of NYSE:OOMA opened at $18.38 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. The business’s 50 day moving average price is $17.62 and its 200-day moving average price is $14.34. The firm has a market capitalization of $505.56 million, a PE ratio of 57.45 and a beta of 1.22. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The firm had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. 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, equities research analysts expect that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ooma

Hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its holdings in Ooma by 8.3% in the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Ooma by 247.3% during the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after buying an additional 50,347 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Ooma during the 1st quarter worth approximately $1,415,000. Renaissance Technologies LLC raised its position in shares of Ooma by 12.2% during the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after buying an additional 99,100 shares during the period. Finally, Walleye Capital LLC raised its position in shares of Ooma by 63.3% during the 1st quarter. Walleye Capital LLC now owns 35,662 shares of the technology company’s stock valued at $519,000 after buying an additional 13,829 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analyst Upgrades and Downgrades

OOMA has been the topic of several research reports. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Lake Street Capital raised their target price 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. Finally, B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Ooma presently has an average rating of “Moderate Buy” and a consensus price target 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.