Ooma (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 4,807 Shares

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 4,807 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $22.33, for a total value of $107,340.31. Following the transaction, the chief financial officer owned 179,420 shares of the company’s stock, valued at $4,006,448.60. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma Trading Up 3.4%

Shares of OOMA opened at $23.30 on Friday. The stock has a market capitalization of $640.75 million, a PE ratio of 61.32 and a beta of 1.20. The company’s fifty day moving average is $20.82 and its 200 day moving average is $17.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $26.19.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS 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 23.89%. 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 earnings per share for the current fiscal year.

Ooma News Summary

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Ooma’s fiscal second-quarter results highlighted accelerating growth: revenue rose 25% year over year to $83.2 million, business subscription and services revenue increased 38%, and adjusted EBITDA climbed 74% to $12.4 million. EPS of $0.35 also exceeded the $0.33 consensus estimate. The growth is being helped by the ongoing retirement of copper phone networks, which is driving demand for Ooma’s communications products. Ooma Rides A Phone Line Extinction Into Faster Growth
• Positive Sentiment: Analyst revisions were broadly constructive after the earnings report. Lake Street Capital raised its fiscal 2027 EPS forecast to $0.86 from $0.79 and maintained a Buy rating with a $25 price target. Benchmark lifted its fiscal 2027 estimate to $0.89 and fiscal 2028 estimate to $1.03, while Citizens JMP raised several quarterly and annual estimates, including fiscal 2028 EPS to $0.96. These changes reinforce expectations for continued earnings growth. Ooma Analyst Estimate Revisions
• Neutral Sentiment: Ooma will participate in the virtual NYSE Investor Access Technology Day on September 23, with meetings hosted by CEO Eric Stang, CFO Shig Hamamatsu and SVP Chris Burgy. The event could provide additional details on growth initiatives, but it is not an immediate financial catalyst. Ooma NYSE Investor Access Technology Day
• Neutral Sentiment: Industry commentary on artificial intelligence capabilities in VoIP and unified communications produced mixed ratings, leaving the competitive impact on Ooma unclear. AI Capabilities in VoIP and UC Offerings
• Negative Sentiment: CFO Shigeyuki Hamamatsu and SVP Jenny Yeh sold shares worth approximately $107,000 and $28,000, respectively. Both retained substantial holdings, making the sales relatively small, but insider selling can weigh modestly on sentiment.

Analyst Ratings Changes

A number of analysts recently issued reports on OOMA shares. B. Riley Financial raised 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. Citigroup restated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. William Blair set a $24.00 price objective on shares of Ooma in a research note on Monday, August 17th. Finally, UBS Group reiterated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Institutional Investors Weigh In On Ooma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OOMA. Legal & General Group Plc purchased a new stake in Ooma in the 2nd quarter valued at about $50,000. IFC & Insurance Marketing Inc. bought a new stake in Ooma during the 4th quarter valued at $34,000. Meeder Asset Management Inc. increased its holdings in Ooma by 28.3% during the first 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 during the period. 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 worth $47,000 after buying an additional 2,507 shares in the last quarter. Finally, CWM LLC lifted its holdings in Ooma by 45.6% during the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after buying an additional 1,378 shares during the period. Institutional investors own 80.42% of the company’s stock.

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.