Ooma, Inc. $OOMA Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP grew its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 221.3% in the 2nd quarter, Holdings Channel reports. The fund owned 72,537 shares of the technology company’s stock after acquiring an additional 49,963 shares during the period. Susquehanna International Group LLP’s holdings in Ooma were worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OOMA. Legal & General Group Plc bought a new position in Ooma during the 2nd quarter valued at $50,000. IFC & Insurance Marketing Inc. bought a new position in shares of Ooma during the fourth quarter worth about $34,000. Meeder Asset Management Inc. lifted its position in shares of Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after purchasing an additional 2,507 shares in the last quarter. Finally, CWM LLC increased its holdings in Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after buying an additional 1,378 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Insider Buying and Selling

In other news, Director Russell Mann sold 20,000 shares of Ooma stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total transaction of $367,000.00. Following the sale, the director owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total value of $488,557.44. Following the transaction, the chief financial officer owned 193,283 shares of the company’s stock, valued at approximately $3,409,512.12. This represents a 12.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,652 shares of company stock valued at $2,225,186 in the last ninety days. Insiders own 9.90% of the company’s stock.

Wall Street Analyst Weigh In

OOMA has been the subject of a number of research analyst reports. Citigroup reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial lifted their price objective on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Ooma in a research note on Thursday. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Thursday. Finally, William Blair set a $24.00 price objective on shares of Ooma in a research report on Monday, August 17th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Ooma presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Ooma Stock Performance

OOMA stock opened at $22.90 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. The stock has a market capitalization of $629.75 million, a price-to-earnings ratio of 60.26 and a beta of 1.19. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The stock’s fifty day moving average is $20.44 and its two-hundred day moving average is $17.21.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, research analysts predict that Ooma, Inc. will post 0.86 EPS for the current year.

Ooma 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.