Ooma (NYSE:OOMA) CAO Sells $57,559.20 in Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 2,481 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $23.20, for a total value of $57,559.20. Following the completion of the sale, the chief accounting officer directly owned 83,927 shares of the company’s stock, valued at approximately $1,947,106.40. The trade was a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ooma Stock Down 0.4%

Ooma stock opened at $22.57 on Thursday. The firm has a market capitalization of $622.79 million, a PE ratio of 59.38 and a beta of 1.20. The company’s 50-day moving average is $21.43 and its 200-day moving average is $18.22. 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 0.46, a current ratio of 0.95 and a quick ratio of 0.66.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate 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. Sell-side analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OOMA. Essential Partners LLC grew its holdings in shares of Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Ooma by 1.0% during the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after buying an additional 1,067 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Ooma during the second quarter worth $50,000. Finally, Archer Investment Corp acquired a new position in shares of Ooma during the first quarter worth $96,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OOMA shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. B. Riley Financial boosted their price objective on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 27th. William Blair set a $24.00 target price on shares of Ooma in a research report on Monday, August 17th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Ooma in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.00.

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.