Key Points
- Director Susan Butenhoff sold 9,000 Ooma shares at an average price of $22.02, totaling $198,180. Her remaining 109,483 shares are valued at approximately $2.41 million, a 7.6% reduction in ownership.
- Ooma’s latest quarterly results exceeded expectations, with adjusted EPS of $0.35 versus the $0.33 consensus and revenue of $83.23 million compared with estimates of $81.72 million.
- Analyst sentiment remains positive, with five Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $25.00. Institutional investors own 80.42% of the company.
Ooma, Inc. (NYSE:OOMA - Get Free Report) Director Susan Butenhoff sold 9,000 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total value of $198,180.00. Following the sale, the director directly owned 109,483 shares in the company, valued at approximately $2,410,815.66. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ooma Price Performance
Shares of Ooma stock opened at $21.86 on Friday. The stock's 50-day simple moving average is $21.67 and its 200-day simple moving average is $18.60. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The company has a market capitalization of $603.31 million, a price-to-earnings ratio of 57.53 and a beta of 1.20. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46.
Ooma (NYSE:OOMA - Get Free Report) last released its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The firm had revenue of $83.23 million during the quarter, compared to analysts' expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, analysts expect that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
OOMA has been the subject of a number of research analyst reports. William Blair set a $24.00 price objective on shares of Ooma in a report on Monday, August 17th. UBS Group reissued a "buy" rating on shares of Ooma in a report on Thursday, August 27th. Alliance Global Partners restated a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. Benchmark reaffirmed a "buy" rating on shares of Ooma in a research note on Monday, August 17th. Finally, Lake Street Capital reiterated a "buy" rating and issued a $25.00 price target on shares of Ooma in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.00.
Check Out Our Latest Stock Report on Ooma
Institutional Trading of Ooma
A number of large investors have recently added to or reduced their stakes in OOMA. BlackRock Inc. bought a new stake in Ooma in the 2nd quarter worth approximately $69,001,000. Renaissance Technologies LLC boosted its position in shares of Ooma by 12.2% during the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company's stock valued at $13,273,000 after acquiring an additional 99,100 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Ooma in the first quarter valued at $5,847,000. Dimensional Fund Advisors LP increased its position in Ooma by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company's stock worth $5,514,000 after purchasing an additional 44,097 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in Ooma in the second quarter worth $4,235,000. Institutional investors own 80.42% of the company's stock.
Ooma Company Profile
(
Get Free Report)
Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.
For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
