Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang Sells 39,458 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang sold 39,458 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.24, for a total transaction of $601,339.92. Following the transaction, the chief executive officer now owns 1,275,183 shares of the company’s stock, valued at approximately $19,433,788.92. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ooma Price Performance

Shares of OOMA stock traded up $0.35 on Tuesday, reaching $15.57. 260,563 shares of the company were exchanged, compared to its average volume of 107,075. The company has a market cap of $417.28 million, a price-to-earnings ratio of -42.08 and a beta of 0.94. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00. The business has a 50-day moving average price of $12.98 and a 200 day moving average price of $10.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.15.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OOMA shares. Lake Street Capital raised their price objective on Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JMP Securities reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. StockNews.com raised shares of Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday. Northland Securities raised their price target on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, B. Riley increased their target price on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ooma currently has an average rating of “Buy” and an average price target of $16.60.

Hedge Funds Weigh In On Ooma

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in shares of Ooma by 40.4% in the second quarter. Acadian Asset Management LLC now owns 535,404 shares of the technology company’s stock valued at $5,314,000 after purchasing an additional 154,117 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Ooma by 64.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 193,645 shares of the technology company’s stock valued at $1,923,000 after purchasing an additional 76,161 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Ooma by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after buying an additional 68,430 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Ooma by 69.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 163,212 shares of the technology company’s stock worth $1,859,000 after purchasing an additional 66,678 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Ooma by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 845,203 shares of the technology company’s stock worth $8,393,000 after buying an additional 33,100 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.