Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang Sells 61,580 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang sold 61,580 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $15.10, for a total value of $929,858.00. Following the completion of the sale, the chief executive officer now owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ooma Price Performance

Shares of NYSE:OOMA traded up $0.35 during mid-day trading on Tuesday, reaching $15.57. The stock had a trading volume of 260,563 shares, compared to its average volume of 107,075. The business’s 50 day moving average price is $12.98 and its 200 day moving average price is $10.76. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00. The company has a market cap of $417.28 million, a P/E ratio of -41.13 and a beta of 0.94. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of brokerages have commented on OOMA. Northland Securities upped their price target on Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. Lake Street Capital upped their target price on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Benchmark lifted their target price on Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.60.

Institutional Investors Weigh In On Ooma

Several large investors have recently bought and sold shares of OOMA. Vanguard Group Inc. increased its holdings in shares of Ooma by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock worth $10,802,000 after buying an additional 68,430 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Ooma by 4.1% in the 2nd quarter. Renaissance Technologies LLC now owns 845,203 shares of the technology company’s stock valued at $8,393,000 after purchasing an additional 33,100 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ooma by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock worth $6,226,000 after purchasing an additional 4,683 shares during the period. Acadian Asset Management LLC increased its position in shares of Ooma by 40.4% during the 2nd quarter. Acadian Asset Management LLC now owns 535,404 shares of the technology company’s stock valued at $5,314,000 after purchasing an additional 154,117 shares during the last quarter. Finally, State Street Corp raised its holdings in Ooma by 2.9% during the 3rd quarter. State Street Corp now owns 475,737 shares of the technology company’s stock valued at $5,419,000 after buying an additional 13,240 shares during the period. 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.