Key Points
- Ooma CFO Shigeyuki Hamamatsu sold 27,696 shares on June 2 at an average price of $17.64, generating about $488,557 and reducing his ownership by 12.53%.
- The sale follows a prior insider transaction in March, when Hamamatsu sold 10,790 shares at an average price of $14.22.
- Ooma reported better-than-expected quarterly results, with EPS of $0.35 versus the $0.32 estimate and revenue of $81.15 million versus $79.84 million expected; analysts currently rate the stock a moderate buy with a consensus target of $22.33.
Ooma, Inc. (NYSE:OOMA - Get Free Report) CFO Shigeyuki Hamamatsu sold 27,696 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the sale, the chief financial officer owned 193,283 shares of the company's stock, valued at $3,409,512.12. This represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shigeyuki Hamamatsu also recently made the following trade(s):
- On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The stock was sold at an average price of $14.22, for a total value of $153,433.80.
Ooma Trading Down 4.4%
Shares of OOMA opened at $16.87 on Thursday. Ooma, Inc. has a one year low of $9.79 and a one year high of $21.96. The stock has a 50-day moving average price of $16.57 and a 200 day moving average price of $13.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The company has a market capitalization of $463.98 million, a P/E ratio of 52.71 and a beta of 1.22.
Ooma (NYSE:OOMA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 20.52% and a net margin of 3.17%.The company had revenue of $81.15 million for the quarter, compared to the consensus estimate of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Sell-side analysts forecast that Ooma, Inc. will post 0.78 EPS for the current fiscal year.
Analyst Ratings Changes
OOMA has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating on shares of Ooma in a research note on Thursday, March 5th. UBS Group set a $24.00 target price on shares of Ooma in a research note on Wednesday, May 27th. Alliance Global Partners reiterated a "buy" rating on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital boosted their price objective on Ooma from $18.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. Finally, B. Riley Financial restated a "buy" rating on shares of Ooma in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.33.
Read Our Latest Stock Report on Ooma
Institutional Trading of Ooma
A number of institutional investors and hedge funds have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC raised its stake in Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company's stock worth $47,000 after acquiring an additional 2,507 shares during the period. Meeder Asset Management Inc. lifted its holdings in Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company's stock worth $49,000 after acquiring an additional 740 shares during the last quarter. CWM LLC lifted its holdings in Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company's stock worth $52,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company's stock valued at $53,000 after acquiring an additional 867 shares during the period. 80.42% of the stock is owned by institutional investors and hedge funds.
About Ooma
(
Get Free Report)
Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.
For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.
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