JPMorgan Chase & Co. Acquires 44,589 Shares of Ooma, Inc. $OOMA

JPMorgan Chase & Co. boosted its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 553,916 shares of the technology company’s stock after buying an additional 44,589 shares during the quarter. JPMorgan Chase & Co. owned about 2.01% of Ooma worth $6,641,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in Ooma by 465.3% during the third quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock valued at $31,000 after purchasing an additional 2,131 shares during the last quarter. CWM LLC raised its holdings in Ooma by 50.5% in the 3rd quarter. CWM LLC now owns 3,022 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,014 shares during the period. Tower Research Capital LLC TRC lifted its position in Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares during the last quarter. Lazard Asset Management LLC lifted its position in Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after acquiring an additional 4,110 shares during the last quarter. Finally, Quarry LP bought a new stake in Ooma during the 3rd quarter valued at approximately $77,000. 80.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Ooma Stock Up 1.3%

Shares of OOMA opened at $14.47 on Wednesday. The stock’s 50-day moving average price is $12.74 and its 200 day moving average price is $12.01. The firm has a market capitalization of $399.37 million, a price-to-earnings ratio of 65.78 and a beta of 1.32. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $14.83.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Ooma had a net margin of 2.36% and a return on equity of 15.79%. The firm had revenue of $74.58 million for the quarter, compared to the consensus estimate of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Equities research analysts expect that Ooma, Inc. will post -0.06 EPS for the current year.

Insider Activity at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the sale, the chief financial officer owned 231,128 shares of the company’s stock, valued at $3,286,640.16. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by company insiders.

Ooma 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.