30,000 Shares of Ooma, Inc. $OOMA Acquired by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in shares of Ooma, Inc. (NYSE:OOMA) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the technology company’s stock, valued at approximately $613,000. Sigma Planning Corp owned approximately 0.11% of Ooma at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OOMA. BlackRock Inc. purchased a new position in Ooma during the second quarter worth about $69,001,000. Renaissance Technologies LLC increased its stake in Ooma by 12.2% in the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after buying an additional 99,100 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Ooma in the 1st quarter valued at about $5,847,000. Dimensional Fund Advisors LP lifted its position in shares of Ooma by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company’s stock worth $5,514,000 after buying an additional 44,097 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Ooma during the 2nd quarter worth approximately $4,235,000. 80.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ooma news, Director Susan Butenhoff sold 9,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $22.02, for a total transaction of $198,180.00. Following the completion of the transaction, the director directly owned 109,483 shares of the company’s stock, valued at approximately $2,410,815.66. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shigeyuki Hamamatsu sold 4,807 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $22.33, for a total value of $107,340.31. Following the completion of the sale, the chief financial officer directly owned 179,420 shares of the company’s stock, valued at $4,006,448.60. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 85,104 shares of company stock worth $1,966,383 in the last three months. Insiders own 9.90% of the company’s stock.

Ooma Stock Performance

Shares of OOMA stock opened at $19.91 on Friday. The firm has a market cap of $549.52 million, a price-to-earnings ratio of 52.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The firm’s 50-day simple moving average is $21.28 and its two-hundred day simple moving average is $17.60.

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 analysts’ consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The firm had revenue of $83.23 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

OOMA has been the topic of a number of research analyst reports. Citigroup restated a “market perform” rating on shares of Ooma in a research note on Monday, September 28th. B. Riley Financial lifted their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of Ooma in a report on Thursday, August 27th. Freedom Broker boosted their price objective on Ooma from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, William Blair set a $24.00 price objective on Ooma in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Ooma presently has a consensus rating of “Buy” and an average price target of $25.00.

Ooma Company Profile

Ooma, Inc provides cloud-based communications and connected services for small and mid-sized businesses, enterprises and residential customers. Its business offerings are designed to support voice communications, collaboration and business continuity through internet-based platforms rather than traditional telephone systems.

The company’s product portfolio includes Ooma Office, a cloud-based business phone system; Ooma Office Pro, which adds enhanced communications and collaboration features; and Ooma AirDial, a cloud-based replacement for traditional analog telephone lines.