Ooma (NYSE:OOMA) CEO Eric Stang Sells 23,212 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 23,212 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $20.00, for a total transaction of $464,240.00. Following the completion of the transaction, the chief executive officer directly owned 795,506 shares of the company’s stock, valued at $15,910,120. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ooma Trading Up 1.1%

Shares of Ooma stock opened at $20.41 on Tuesday. The firm has a market capitalization of $561.33 million, a PE ratio of 63.79 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $18.46 and its 200 day moving average is $14.98. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Equities research analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OOMA. UBS Group set a $24.00 price target on Ooma in a research note on Wednesday, May 27th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital upped their target price on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Institutional Trading of Ooma

Several institutional investors have recently modified their holdings of OOMA. North Star Investment Management Corp. bought a new position in Ooma during the 1st quarter worth $873,000. Hsbc Holdings PLC grew its position in shares of Ooma by 107.3% in the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock valued at $1,132,000 after buying an additional 50,114 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Ooma in the 4th quarter valued at about $1,877,000. JPMorgan Chase & Co. increased its stake in shares of Ooma by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after buying an additional 44,589 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Ooma by 32.3% in the first quarter. Assenagon Asset Management S.A. now owns 206,481 shares of the technology company’s stock valued at $3,004,000 after buying an additional 50,413 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.