Eric Stang Sells 10,361 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 10,361 shares of Ooma stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $22.75, for a total transaction of $235,712.75. Following the completion of the sale, the chief executive officer directly owned 1,189,580 shares of the company’s stock, valued at approximately $27,062,945. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ooma Stock Performance

Shares of NYSE OOMA traded up $0.02 during midday trading on Monday, hitting $22.79. 433,523 shares of the stock traded hands, compared to its average volume of 311,439. The firm has a market capitalization of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20. Ooma, Inc. has a one year low of $9.79 and a one year high of $26.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The firm has a 50-day moving average of $21.26 and a two-hundred day moving average of $18.00.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The business 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. On average, equities analysts forecast that Ooma, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OOMA. BlackRock Inc. purchased a new position in shares of Ooma in the second quarter valued at about $69,001,000. Renaissance Technologies LLC grew its position in shares of Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after purchasing an additional 99,100 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Ooma during the first quarter worth about $5,847,000. Dimensional Fund Advisors LP raised its stake in Ooma by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company’s stock valued at $5,514,000 after purchasing an additional 44,097 shares during the period. Finally, Globeflex Capital L P bought a new stake in Ooma during the 2nd quarter valued at approximately $4,235,000. Institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

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