Insider Selling: Ooma, Inc. (NYSE:OOMA) CFO Sells $142,470.24 in Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 10,704 shares of Ooma stock in a transaction on Monday, June 9th. The shares were sold at an average price of $13.31, for a total value of $142,470.24. Following the sale, the chief financial officer now directly owns 207,909 shares in the company, valued at $2,767,268.79. The trade was a 4.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma Stock Performance

Shares of NYSE OOMA opened at $12.67 on Friday. Ooma, Inc. has a 1 year low of $7.83 and a 1 year high of $17.00. The firm has a market cap of $349.20 million, a P/E ratio of -34.24 and a beta of 1.22. The stock has a fifty day moving average price of $12.76 and a two-hundred day moving average price of $13.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Lake Street Capital decreased their price target on Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Benchmark increased their target price on shares of Ooma from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ooma presently has a consensus rating of “Buy” and a consensus target price of $17.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OOMA. Barclays PLC raised its position in Ooma by 0.9% in the fourth quarter. Barclays PLC now owns 99,891 shares of the technology company’s stock worth $1,405,000 after acquiring an additional 927 shares in the last quarter. Bard Associates Inc. grew its stake in shares of Ooma by 5.9% in the 1st quarter. Bard Associates Inc. now owns 28,257 shares of the technology company’s stock worth $370,000 after purchasing an additional 1,582 shares during the last quarter. Occudo Quantitative Strategies LP grew its stake in shares of Ooma by 14.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 22,957 shares of the technology company’s stock worth $323,000 after purchasing an additional 2,833 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ooma by 0.4% in the 4th quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company’s stock worth $11,615,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Ooma by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 15,295 shares of the technology company’s stock valued at $215,000 after purchasing an additional 3,466 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.