Ooma, Inc. (NYSE:OOMA) VP James A. Gustke sold 7,200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $10.35, for a total transaction of $74,520.00. Following the completion of the transaction, the vice president now directly owns 182,174 shares in the company, valued at approximately $1,885,500.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Ooma, Inc. (NYSE:OOMA) traded up 5.37% during midday trading on Tuesday, reaching $10.80. The company’s stock had a trading volume of 99,085 shares. Ooma, Inc. has a one year low of $8.39 and a one year high of $10.80. The company’s market capitalization is $199.50 million. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $10.05.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.16). Ooma had a negative net margin of 11.48% and a negative return on equity of 30.96%. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $27.72 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Ooma’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that Ooma, Inc. will post ($0.10) earnings per share for the current fiscal year.

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OOMA has been the subject of several research reports. Northland Securities set a $11.00 price objective on shares of Ooma and gave the company a “buy” rating in a research report on Friday, August 25th. B. Riley restated a “buy” rating and issued a $13.00 target price on shares of Ooma in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

Large investors have recently bought and sold shares of the stock. Menta Capital LLC purchased a new position in shares of Ooma during the 1st quarter worth approximately $122,000. FNY Partners Fund LP acquired a new stake in Ooma in the 1st quarter valued at approximately $129,000. Rhumbline Advisers purchased a new stake in Ooma in the second quarter valued at approximately $128,000. New York State Common Retirement Fund purchased a new stake in Ooma in the second quarter valued at approximately $144,000. Finally, Trexquant Investment LP purchased a new stake in Ooma in the first quarter valued at approximately $189,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Ooma Company Profile

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.

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

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