Insider Selling: Ooma (NYSE:OOMA) SVP Sells $28,198.00 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,226 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $23.00, for a total transaction of $28,198.00. Following the sale, the senior vice president owned 232,601 shares in the company, valued at $5,349,823. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ooma Trading Down 0.7%

Shares of NYSE OOMA opened at $23.21 on Friday. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $26.19. 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 business’s 50 day moving average is $20.92 and its two-hundred day moving average is $17.56. The stock has a market capitalization of $638.27 million, a P/E ratio of 61.08 and a beta of 1.20.

Ooma (NYSE:OOMA) last released its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma had a return on equity of 23.89% 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, research analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Ooma

A number of institutional investors and hedge funds have recently bought and sold shares of OOMA. IFC & Insurance Marketing Inc. bought a new position in shares of Ooma during the 4th quarter worth $34,000. Tower Research Capital LLC TRC lifted its stake in Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares during the period. Meeder Asset Management Inc. grew its holdings in Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares in the last quarter. Legal & General Group Plc bought a new position in Ooma during the 2nd quarter worth about $50,000. Finally, CWM LLC increased its position in Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,378 shares during the period. 80.42% of the stock is owned by institutional investors.

More Ooma News

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Ooma’s fiscal second-quarter results provided the strongest bullish catalyst. Revenue increased 25% year over year to $83.2 million, business subscription and services revenue grew 38%, and adjusted EBITDA rose 74% to $12.4 million. Earnings of $0.35 per share also exceeded the $0.33 analyst consensus, helped by demand created by the ongoing retirement of copper phone networks. Ooma Rides a Phone Line Extinction Into Faster Growth
• Positive Sentiment: Analyst revisions following the earnings report were broadly favorable. Lake Street Capital raised its fiscal 2027 EPS forecast to $0.86 from $0.79 and kept a Buy rating with a $25 price target. Benchmark increased its fiscal 2027 and 2028 estimates to $0.89 and $1.03, respectively, while Citizens JMP lifted its fiscal 2028 forecast to $0.96. These revisions support expectations for continued earnings growth.
• Neutral Sentiment: Analyst estimates were not uniformly positive: Citizens JMP made several small quarterly and long-term reductions while increasing other forecasts. The changes suggest improving but uneven expectations rather than a decisive shift in consensus.
• Neutral Sentiment: Commentary on artificial intelligence features in VoIP and unified communications produced mixed ratings, leaving the potential effect on Ooma’s competitive position unclear. AI Capabilities in VoIP and UC Offerings
• Negative Sentiment: CFO Shigeyuki Hamamatsu sold approximately $107,000 of shares, while SVP Jenny Yeh sold about $28,000. Both executives retained substantial positions, so the transactions are relatively small, but insider selling can weigh on sentiment.
• Negative Sentiment: Valuation remains a risk after the stock’s strong run: Ooma trades at roughly 61 times earnings and near its 12-month high. That premium leaves the shares sensitive to any slowdown in growth or disappointment in future guidance.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. UBS Group reissued a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Lake Street Capital restated a “buy” rating and issued a $25.00 price target on shares of Ooma in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.