Emancipation Management LLC decreased its holdings in Ooma Inc (NYSE:OOMA) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,212 shares of the technology company’s stock after selling 28,680 shares during the quarter. Ooma accounts for about 2.9% of Emancipation Management LLC’s investment portfolio, making the stock its 11th largest position. Emancipation Management LLC’s holdings in Ooma were worth $1,711,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Trading LLC purchased a new position in Ooma during the 3rd quarter worth approximately $115,000. New York State Common Retirement Fund purchased a new position in Ooma during the 2nd quarter worth approximately $144,000. Cubist Systematic Strategies LLC purchased a new position in Ooma during the 2nd quarter worth approximately $186,000. Parametric Portfolio Associates LLC grew its position in Ooma by 94.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock worth $193,000 after purchasing an additional 11,686 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Ooma by 6,480.6% during the 3rd quarter. Wells Fargo & Company MN now owns 28,165 shares of the technology company’s stock worth $297,000 after purchasing an additional 27,737 shares in the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.
Ooma Inc (NYSE OOMA) opened at $10.95 on Tuesday. Ooma Inc has a fifty-two week low of $7.30 and a fifty-two week high of $12.75.
In related news, CFO Ravi Narula sold 4,090 shares of Ooma stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.01, for a total value of $49,120.90. Following the completion of the sale, the chief financial officer now owns 175,056 shares of the company’s stock, valued at approximately $2,102,422.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction on Monday, December 4th. The shares were sold at an average price of $11.22, for a total transaction of $112,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,257,704 shares of the company’s stock, valued at approximately $14,111,438.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,405 shares of company stock worth $721,768. 11.42% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on the stock. ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Northland Securities restated a “buy” rating and set a $13.00 price target on shares of Ooma in a report on Friday, December 1st. Finally, B. Riley restated a “buy” rating and set a $13.00 price target on shares of Ooma in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.67.
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Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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