Ooma (NYSE:OOMA) CFO Sells $488,557.44 in Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 27,696 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total transaction of $488,557.44. Following the completion of the transaction, the chief financial officer owned 193,283 shares in the company, valued at $3,409,512.12. This represents a 12.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shigeyuki Hamamatsu also recently made the following trade(s):

• On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80.

Ooma Stock Performance

Shares of OOMA stock opened at $17.15 on Friday. The firm has a market capitalization of $471.77 million, a P/E ratio of 53.59 and a beta of 1.22. The company’s fifty day moving average price is $16.69 and its two-hundred day moving average price is $13.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $21.96.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.52%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, research analysts anticipate that Ooma, Inc. will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ooma

Institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC grew its position in shares of Ooma by 143.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after buying an additional 116,767 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Ooma during the 4th quarter valued at about $1,877,000. JPMorgan Chase & Co. grew its position in shares of Ooma by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after buying an additional 44,589 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Ooma during the 1st quarter valued at about $5,847,000. Institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OOMA shares. Citigroup restated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. UBS Group set a $24.00 target price on shares of Ooma in a research note on Wednesday, May 27th. Finally, Benchmark restated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Ooma Company Profile

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.