Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.22, for a total value of $112,200.00. Following the transaction, the chief executive officer now directly owns 1,257,704 shares in the company, valued at approximately $14,111,438.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma, Inc. (OOMA) traded down $0.20 during trading on Tuesday, hitting $11.00. The company had a trading volume of 84,449 shares, compared to its average volume of 141,574. Ooma, Inc. has a 12-month low of $7.30 and a 12-month high of $12.30.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The firm had revenue of $28.50 million for the quarter, compared to the consensus estimate of $28.04 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts anticipate that Ooma, Inc. will post -0.69 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Wolverine Trading LLC purchased a new stake in shares of Ooma in the third quarter valued at approximately $115,000. Rhumbline Advisers purchased a new stake in shares of Ooma in the second quarter valued at approximately $128,000. New York State Common Retirement Fund purchased a new stake in shares of Ooma in the second quarter valued at approximately $144,000. Menta Capital LLC boosted its stake in shares of Ooma by 58.3% in the second quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock valued at $155,000 after buying an additional 7,123 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma in the second quarter valued at approximately $186,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Several research analysts have commented on OOMA shares. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of Ooma in a research report on Monday, August 21st. Northland Securities set a $11.00 target price on Ooma and gave the company a “buy” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.67.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Ooma, Inc. (OOMA) CEO Sells 10,000 Shares of Stock” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/05/insider-selling-ooma-inc-ooma-ceo-sells-10000-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Ooma (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.