Insider Selling: Ooma (NYSE:OOMA) SVP Sells $251,278.80 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 12,840 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $19.57, for a total transaction of $251,278.80. Following the completion of the sale, the senior vice president owned 264,615 shares in the company, valued at $5,178,515.55. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ooma Stock Performance

NYSE OOMA opened at $19.90 on Friday. The firm has a market cap of $547.14 million, a price-to-earnings ratio of 62.18 and a beta of 1.20. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $21.96. The company has a 50 day moving average of $18.30 and a 200-day moving average of $14.85. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating 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 the consensus estimate 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. On average, equities analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on OOMA. Citigroup reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital upped their price objective on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ooma currently has an average rating of “Moderate Buy” and an average price target of $22.33.

Hedge Funds Weigh In On Ooma

Several large investors have recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. bought a new position in Ooma in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC raised its stake in Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares in the last quarter. CWM LLC boosted its position in shares of Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after acquiring an additional 867 shares during the last quarter. 80.42% of the stock is owned by institutional investors.

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.