Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 20,966 Shares

Ooma, Inc. (NYSE:OOMAGet Free Report) SVP Jenny Yeh sold 20,966 shares of Ooma stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $24.05, for a total transaction of $504,232.30. Following the transaction, the senior vice president directly owned 237,649 shares of the company’s stock, valued at approximately $5,715,458.45. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Price Performance

Shares of OOMA opened at $22.60 on Tuesday. The firm has a market capitalization of $621.50 million, a PE ratio of 59.48 and a beta of 1.19. The company’s 50-day moving average is $20.55 and its 200-day moving average is $17.28. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $26.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.

Ooma (NYSE:OOMAGet Free Report) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company 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. Equities analysts forecast that Ooma, Inc. will post 0.86 EPS for the current year.

Institutional Investors Weigh In On Ooma

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Ooma in the 2nd quarter valued at about $69,001,000. Vanguard Group Inc. increased its stake in Ooma by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after acquiring an additional 34,960 shares during the last quarter. Renaissance Technologies LLC raised its position in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after purchasing an additional 99,100 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ooma by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock worth $6,757,000 after purchasing an additional 22,125 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ooma by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Ooma

Ooma Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.