Insider Selling: Ooma Inc (OOMA) VP Sells 7,200 Shares of Stock

Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 7,200 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.73, for a total transaction of $84,456.00. Following the sale, the vice president now directly owns 162,900 shares in the company, valued at approximately $1,910,817. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ooma Inc (NYSE:OOMA) remained flat at $$11.95 during mid-day trading on Thursday. The stock had a trading volume of 27,981 shares, compared to its average volume of 51,933. The company has a market cap of $222.14, a P/E ratio of -16.60 and a beta of 1.37. Ooma Inc has a one year low of $7.30 and a one year high of $12.75.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $28.04 million. Ooma had a negative net margin of 11.65% and a negative return on equity of 32.29%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. equities analysts anticipate that Ooma Inc will post -0.7 EPS for the current year.

A number of analysts have commented on OOMA shares. ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a research report on Wednesday. Northland Securities reaffirmed a “buy” rating and set a $10.75 price target on shares of Ooma in a research report on Wednesday, October 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of Ooma in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.67.

Several hedge funds have recently added to or reduced their stakes in OOMA. Geode Capital Management LLC boosted its position in shares of Ooma by 118.5% during the 1st quarter. Geode Capital Management LLC now owns 105,441 shares of the technology company’s stock worth $1,049,000 after purchasing an additional 57,184 shares in the last quarter. Morgan Stanley boosted its position in shares of Ooma by 345.8% during the 1st quarter. Morgan Stanley now owns 108,751 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 84,354 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of Ooma during the 2nd quarter worth about $230,000. Rhumbline Advisers bought a new position in shares of Ooma during the 2nd quarter worth about $128,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Ooma by 187.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,044 shares of the technology company’s stock worth $441,000 after purchasing an additional 35,894 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors.

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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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