Ooma Inc (NYSE:OOMA) VP James A. Gustke Sells 2,267 Shares

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Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 2,267 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $11.46, for a total transaction of $25,979.82. Following the sale, the vice president now owns 125,478 shares of the company’s stock, valued at approximately $1,437,977.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE:OOMA opened at $10.60 on Monday. Ooma Inc has a 12 month low of $10.60 and a 12 month high of $17.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.06 and a current ratio of 1.30. The stock has a market cap of $219.42 million, a price-to-earnings ratio of -15.36 and a beta of 1.02.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 21st. The technology company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. Ooma had a negative net margin of 11.75% and a negative return on equity of 42.73%. The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $33.64 million. Analysts expect that Ooma Inc will post -0.82 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Finally, Northland Securities reiterated a “buy” rating and set a $18.00 target price on shares of Ooma in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ooma has a consensus rating of “Buy” and an average price target of $17.70.

Large investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new position in shares of Ooma in the 1st quarter valued at about $28,000. Spark Investment Management LLC raised its position in shares of Ooma by 43.5% in the 1st quarter. Spark Investment Management LLC now owns 53,795 shares of the technology company’s stock valued at $712,000 after acquiring an additional 16,295 shares during the period. Rhumbline Advisers raised its position in shares of Ooma by 4.5% in the 1st quarter. Rhumbline Advisers now owns 24,468 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,054 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Ooma by 99,100.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,968 shares of the technology company’s stock valued at $53,000 after acquiring an additional 3,964 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Ooma by 7.2% in the 1st quarter. Foundry Partners LLC now owns 99,451 shares of the technology company’s stock valued at $1,317,000 after acquiring an additional 6,675 shares during the period. 75.69% of the stock is currently owned by hedge funds and other institutional investors.

About Ooma

Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.

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