Worth Venture Partners LLC lowered its stake in shares of Ooma, Inc. (NYSE:OOMA) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,758 shares of the technology company’s stock after selling 16,347 shares during the quarter. Worth Venture Partners LLC owned 0.36% of Ooma worth $694,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of OOMA. Ameriprise Financial Inc. increased its holdings in Ooma by 7.6% in the second quarter. Ameriprise Financial Inc. now owns 1,459,000 shares of the technology company’s stock valued at $11,672,000 after buying an additional 103,000 shares during the last quarter. AWM Investment Company Inc. increased its holdings in Ooma by 20.7% in the second quarter. AWM Investment Company Inc. now owns 1,343,950 shares of the technology company’s stock valued at $10,752,000 after buying an additional 230,872 shares during the last quarter. Boston Partners increased its holdings in Ooma by 6.6% in the third quarter. Boston Partners now owns 947,540 shares of the technology company’s stock valued at $9,996,000 after buying an additional 58,450 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Ooma by 112.2% in the first quarter. Renaissance Technologies LLC now owns 780,000 shares of the technology company’s stock valued at $7,761,000 after buying an additional 412,500 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Ooma by 26.1% in the second quarter. Vanguard Group Inc. now owns 575,883 shares of the technology company’s stock valued at $4,607,000 after buying an additional 119,049 shares during the last quarter. 74.74% of the stock is currently owned by institutional investors and hedge funds.
In other Ooma news, VP James A. Gustke sold 5,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $9.81, for a total value of $49,050.00. Following the completion of the transaction, the vice president now owns 196,333 shares in the company, valued at $1,926,026.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Spencer D. Jackson sold 10,810 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $9.51, for a total transaction of $102,803.10. Following the completion of the transaction, the vice president now owns 115,496 shares of the company’s stock, valued at approximately $1,098,366.96. The disclosure for this sale can be found here. Insiders sold 66,371 shares of company stock valued at $671,551 in the last 90 days. 11.42% of the stock is currently owned by insiders.
Several research firms recently commented on OOMA. B. Riley reissued a “buy” rating and issued a $13.00 target price on shares of Ooma in a report on Friday, September 1st. Northland Securities reissued a “buy” rating and issued a $10.75 target price on shares of Ooma in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.92.
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Ooma, Inc. (NYSE:OOMA) traded down $0.15 during trading hours on Tuesday, reaching $9.15. The company had a trading volume of 58,200 shares, compared to its average volume of 143,634. Ooma, Inc. has a 52-week low of $7.30 and a 52-week high of $12.30.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Ooma had a negative net margin of 11.48% and a negative return on equity of 30.96%. The company had revenue of $28.20 million during the quarter, compared to analyst estimates of $27.72 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue was up 11.9% on a year-over-year basis. equities analysts expect that Ooma, Inc. will post -0.75 EPS for the current fiscal year.
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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