Quantinno Capital Management LP Purchases 50,347 Shares of Ooma, Inc. $OOMA

Quantinno Capital Management LP boosted its position in Ooma, Inc. (NYSE:OOMA) by 247.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,703 shares of the technology company’s stock after buying an additional 50,347 shares during the period. Quantinno Capital Management LP owned approximately 0.26% of Ooma worth $1,029,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. raised its position in shares of Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares in the last quarter. Man Group plc grew its stake in Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares during the period. GSA Capital Partners LLP grew its stake in Ooma by 1.0% during the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 1,067 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Ooma by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 1,137 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on OOMA shares. UBS Group set a $24.00 price target on Ooma in a research note on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital boosted their target price on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Insider Activity at Ooma

In related news, CEO Eric B. Stang sold 23,212 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $20.00, for a total value of $464,240.00. Following the transaction, the chief executive officer owned 795,506 shares of the company’s stock, valued at approximately $15,910,120. This trade represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 directly owned 193,283 shares in the company, valued at approximately $3,409,512.12. The trade was a 12.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 118,652 shares of company stock valued at $2,225,186 over the last quarter. 9.90% of the stock is currently owned by company insiders.

Ooma Stock Performance

NYSE OOMA opened at $20.84 on Friday. The company has a fifty day simple moving average of $19.66 and a 200 day simple moving average of $16.52. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $22.72. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market cap of $573.10 million, a P/E ratio of 65.13 and a beta of 1.19.

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