Insider Selling: Ooma (NYSE:OOMA) CEO Sells 27,666 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 27,666 shares of Ooma stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.50, for a total transaction of $511,821.00. Following the sale, the chief executive officer directly owned 818,718 shares in the company, valued at $15,146,283. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ooma Trading Up 4.8%

Shares of NYSE OOMA traded up $0.83 during midday trading on Friday, hitting $18.38. 712,095 shares of the company traded hands, compared to its average volume of 269,501. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $21.96. The firm has a market cap of $505.56 million, a P/E ratio of 57.45 and a beta of 1.22. The stock has a 50-day moving average price of $17.55 and a 200 day moving average price of $14.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, analysts expect that Ooma, Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OOMA shares. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. UBS Group set a $24.00 price objective on Ooma in a report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Lake Street Capital upped their target price on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ooma presently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. purchased a new stake in shares of Ooma in the fourth quarter worth $34,000. Meeder Asset Management Inc. grew its position in 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 purchasing an additional 740 shares during the last quarter. Tower Research Capital LLC TRC increased its stake 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 valued at $47,000 after purchasing an additional 2,507 shares in the last quarter. CWM LLC increased its stake in Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after buying an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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.