Trigran Investments Inc. Has $26.73 Million Stock Holdings in Ooma, Inc. $OOMA

Trigran Investments Inc. reduced its holdings in Ooma, Inc. (NYSE:OOMA) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,229,212 shares of the technology company’s stock after selling 779,658 shares during the quarter. Ooma makes up about 4.8% of Trigran Investments Inc.’s portfolio, making the stock its 12th largest holding. Trigran Investments Inc. owned about 8.08% of Ooma worth $26,728,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of Ooma by 465.3% during the third quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,131 shares during the period. CWM LLC raised its position in Ooma by 50.5% during the 3rd quarter. CWM LLC now owns 3,022 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,014 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after buying an additional 2,507 shares during the period. Lazard Asset Management LLC lifted its holdings in Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after buying an additional 4,110 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Ooma by 203.1% in the 2nd quarter. Legal & General Group Plc now owns 6,226 shares of the technology company’s stock valued at $80,000 after buying an additional 4,172 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Ooma Price Performance

NYSE OOMA opened at $14.49 on Friday. Ooma, Inc. has a one year low of $9.79 and a one year high of $14.83. The business has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $11.81. The stock has a market capitalization of $399.92 million, a P/E ratio of 65.87 and a beta of 1.32.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Monday, December 8th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Ooma had a net margin of 2.36% and a return on equity of 15.79%. The company had revenue of $67.63 million during the quarter, compared to the consensus estimate of $67.58 million. Ooma has set its FY 2026 guidance at 1.000-1.020 EPS and its Q4 2026 guidance at 0.300-0.320 EPS. Equities analysts expect that Ooma, Inc. will post -0.06 earnings per share 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.