Insider Selling: Ooma, Inc. (OOMA) CEO Sells 10,000 Shares of Stock
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.
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.
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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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