Insider Selling: Ooma (NYSE:OOMA) SVP Sells $44,804.00 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,948 shares of Ooma stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $23.00, for a total value of $44,804.00. Following the completion of the sale, the senior vice president directly owned 225,978 shares in the company, valued at approximately $5,197,494. This represents a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ooma Stock Performance

Shares of NYSE OOMA opened at $22.57 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The stock has a 50 day moving average price of $21.43 and a 200 day moving average price of $18.22. The stock has a market capitalization of $622.79 million, a PE ratio of 59.38 and a beta of 1.20. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19.

Ooma (NYSE:OOMA) last announced its quarterly earnings data 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. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Analysts predict that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Ooma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of Ooma in the second quarter valued at about $244,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Ooma during the 2nd quarter worth about $549,000. Susquehanna International Group LLP boosted its holdings in shares of Ooma by 221.3% during the 2nd quarter. Susquehanna International Group LLP now owns 72,537 shares of the technology company’s stock worth $1,394,000 after buying an additional 49,963 shares during the period. Bank of America Corp DE acquired a new position in Ooma in the 2nd quarter valued at about $1,436,000. Finally, Man Group plc acquired a new position in Ooma in the 2nd quarter valued at about $878,000. 80.42% of the stock is owned by institutional investors.

About Ooma

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.