Quantinno Capital Management LP Buys 50,347 Shares of Ooma, Inc. $OOMA

Quantinno Capital Management LP boosted its stake in Ooma, Inc. (NYSE:OOMA) by 247.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,703 shares of the technology company’s stock after buying an additional 50,347 shares during the quarter. Quantinno Capital Management LP’s holdings in Ooma were worth $1,029,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Ooma by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after acquiring an additional 34,960 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ooma by 12.2% in the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after purchasing an additional 99,100 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ooma by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after purchasing an additional 22,125 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Ooma by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Ooma during the first quarter valued at about $5,847,000. 80.42% of the stock is currently owned by institutional investors.

Insider Transactions at Ooma

In other Ooma news, CEO Eric B. Stang sold 27,666 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.50, for a total value of $511,821.00. Following the transaction, the chief executive officer directly owned 818,718 shares in the company, valued at $15,146,283. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William D. Pearce sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction of $53,940.00. Following the transaction, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 118,652 shares of company stock valued at $2,225,186. Corporate insiders own 9.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group set a $24.00 price objective on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital lifted their target price on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.33.

Ooma Trading Down 0.2%

NYSE OOMA opened at $20.84 on Friday. The business’s fifty day moving average is $19.66 and its 200-day moving average is $16.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. The stock has a market capitalization of $573.10 million, a price-to-earnings ratio of 65.13 and a beta of 1.19. Ooma, Inc. has a one year low of $9.79 and a one year high of $22.72.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Ooma had a net margin of 3.17% and a return on equity of 20.21%. The company had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. 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 predict that Ooma, Inc. will post 0.8 EPS for the current year.

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.