Ooma Inc (NYSE:OOMA) CFO Ravi Narula acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were acquired at an average cost of $8.30 per share, for a total transaction of $24,900.00. Following the transaction, the chief financial officer now owns 218,200 shares of the company’s stock, valued at approximately $1,811,060. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ooma Inc (NYSE:OOMA) traded up 2.35% during trading on Friday, hitting $8.70. 202,031 shares of the stock were exchanged. The stock’s market cap is $158.73 million. Ooma Inc has a 1-year low of $6.67 and a 1-year high of $12.30. The firm’s 50 day moving average price is $11.53 and its 200-day moving average price is $9.96.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, May 23rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Ooma had a negative return on equity of 32.06% and a negative net margin of 13.13%. The company had revenue of $27.58 million for the quarter, compared to analysts’ expectations of $28.14 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Ooma Inc will post ($0.11) EPS for the current year.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/05/26/ravi-narula-acquires-3000-shares-of-ooma-inc-ooma-stock.html.

Several large investors have recently made changes to their positions in OOMA. AWM Investment Company Inc. bought a new stake in shares of Ooma during the first quarter worth about $11,075,000. Ameriprise Financial Inc. boosted its stake in shares of Ooma by 97.1% in the first quarter. Ameriprise Financial Inc. now owns 1,356,000 shares of the technology company’s stock worth $13,493,000 after buying an additional 668,100 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Ooma by 474.5% in the first quarter. Royce & Associates LP now owns 551,560 shares of the technology company’s stock worth $5,488,000 after buying an additional 455,550 shares in the last quarter. Park West Asset Management LLC boosted its stake in shares of Ooma by 163.1% in the first quarter. Park West Asset Management LLC now owns 700,078 shares of the technology company’s stock worth $6,966,000 after buying an additional 434,017 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Ooma by 112.2% in the first quarter. Renaissance Technologies LLC now owns 780,000 shares of the technology company’s stock worth $7,761,000 after buying an additional 412,500 shares in the last quarter. Institutional investors own 26.30% of the company’s stock.

Several brokerages recently weighed in on OOMA. B. Riley reaffirmed a “buy” rating and set a $15.50 price objective on shares of Ooma in a research report on Thursday, May 18th. Bank of America Corp lowered shares of Ooma from a “buy” rating to an “underperform” rating in a research report on Wednesday. Credit Suisse Group AG lowered shares of Ooma from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday. William Blair lowered shares of Ooma from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of Ooma from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Ooma currently has an average rating of “Hold” and a consensus target price of $13.38.

About Ooma

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

12 Month Chart for NYSE:OOMA

Receive News & Ratings for Ooma Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma Inc and related companies with MarketBeat.com's FREE daily email newsletter.