Shigeyuki Hamamatsu Sells 10,790 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the sale, the chief financial officer owned 231,128 shares in the company, valued at $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ooma Price Performance

Shares of NYSE:OOMA opened at $14.21 on Wednesday. The company has a market capitalization of $392.25 million, a PE ratio of 64.60 and a beta of 1.32. The business has a fifty day moving average price of $12.03 and a two-hundred day moving average price of $11.87. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $14.83.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $74.58 million during the quarter, compared to analyst estimates of $72.55 million. Ooma had a return on equity of 15.79% and a net margin of 2.36%.Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Sell-side analysts anticipate that Ooma, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Institutional Trading of Ooma

Large investors have recently bought and sold shares of the company. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Ooma during the 4th quarter valued at $1,877,000. Two Sigma Investments LP grew its stake in shares of Ooma by 419.6% during the 3rd quarter. Two Sigma Investments LP now owns 188,635 shares of the technology company’s stock worth $2,262,000 after acquiring an additional 152,328 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Ooma in the 4th quarter worth about $1,774,000. Millennium Management LLC raised its stake in Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after acquiring an additional 142,220 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Ooma by 71.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 304,278 shares of the technology company’s stock valued at $3,648,000 after acquiring an additional 127,104 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

About Ooma

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.