Insider Selling: Ooma (NYSE:OOMA) CAO Sells $33,240.00 in Stock

Ooma, Inc. (NYSE:OOMA) CAO Namrata Sabharwal sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $22.16, for a total value of $33,240.00. Following the completion of the sale, the chief accounting officer directly owned 83,455 shares of the company’s stock, valued at approximately $1,849,362.80. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Namrata Sabharwal also recently made the following trade(s):

• On Thursday, September 10th, Namrata Sabharwal sold 2,481 shares of Ooma stock. The stock was sold at an average price of $23.20, for a total value of $57,559.20.

Ooma Price Performance

Shares of OOMA opened at $20.46 on Thursday. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market cap of $564.70 million, a price-to-earnings ratio of 53.84 and a beta of 1.20. The stock has a 50 day moving average of $21.71 and a 200-day moving average of $18.80.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 23.55% and a net margin of 3.57%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, analysts forecast that Ooma, Inc. will post 0.87 EPS for the current year.

Institutional Trading of Ooma

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

Analyst Upgrades and Downgrades

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