James A. Gustke Sells 7,200 Shares of Ooma, Inc. (OOMA) Stock
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.
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.
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