Ooma (NYSE:OOMA) CAO Sells 1,500 Shares of Company Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $22.16, for a total value of $33,240.00. Following the completion of the sale, the chief accounting officer directly owned 83,455 shares of the company’s stock, valued at $1,849,362.80. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Namrata Sabharwal also recently made the following trade(s):

• On Thursday, September 10th, Namrata Sabharwal sold 2,481 shares of Ooma stock. The shares were sold at an average price of $23.20, for a total transaction of $57,559.20.

Ooma Price Performance

Shares of OOMA traded down $0.58 on Monday, reaching $21.19. The stock had a trading volume of 436,052 shares, compared to its average volume of 324,906. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $26.19. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $21.69 and a 200 day moving average of $18.65. The firm has a market capitalization of $584.82 million, a PE ratio of 55.76 and a beta of 1.20.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $83.23 million during the quarter, compared to analysts’ expectations of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Sell-side analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP raised its stake in Ooma by 247.3% during the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 50,347 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Ooma during the 2nd quarter valued at $2,315,000. Lazard Asset Management LLC purchased a new stake in shares of Ooma during the first quarter worth $1,415,000. Bard Associates Inc. acquired a new stake in Ooma during the second quarter valued at $558,000. Finally, Man Group plc purchased a new stake in shares of Ooma during the 2nd quarter worth about $878,000. 80.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Monday, August 17th. William Blair set a $24.00 price target on Ooma in a report on Monday, August 17th. UBS Group reiterated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Ooma in a research note on Thursday, August 27th. Finally, B. Riley Financial increased their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

About Ooma

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.