Key Points
- Ooma CAO Namrata Sabharwal sold 1,500 shares at an average price of $22.16, worth $33,240, reducing her ownership by 1.77% to 83,455 shares. She also sold 2,481 shares earlier in September.
- Ooma shares opened at $21.19, with a market capitalization of approximately $584.8 million. The company recently beat quarterly earnings and revenue estimates, reporting $0.35 EPS and $83.23 million in revenue.
- Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating, a “Moderate Buy” consensus, and a $25 average price target. Institutional investors own approximately 80.4% of the company.
Ooma, Inc. (NYSE:OOMA - Get Free Report) CAO Namrata Sabharwal sold 1,500 shares of Ooma stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $22.16, for a total value of $33,240.00. Following the completion of the transaction, the chief accounting officer directly owned 83,455 shares in the company, valued at $1,849,362.80. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Namrata Sabharwal also recently made the following trade(s):
- On Thursday, September 10th, Namrata Sabharwal sold 2,481 shares of Ooma stock. The shares were sold at an average price of $23.20, for a total value of $57,559.20.
Ooma Stock Down 2.7%
Shares of Ooma stock opened at $21.19 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $26.19. The company's 50 day moving average price is $21.70 and its 200-day moving average price is $18.70. The stock has a market capitalization of $584.82 million, a price-to-earnings ratio of 55.76 and a beta of 1.20.
Ooma (NYSE:OOMA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million during the quarter, compared to analyst estimates of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Equities research analysts forecast that Ooma, Inc. will post 0.87 EPS for the current year.
Analyst Upgrades and Downgrades
OOMA has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating on shares of Ooma in a report on Monday, August 17th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. Lake Street Capital reiterated a "buy" rating and issued a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. UBS Group reiterated a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. Finally, William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.
Read Our Latest Research Report on OOMA
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in Ooma during the second quarter valued at $50,000. Meeder Asset Management Inc. grew its stake in shares of 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. Archer Investment Corp bought a new position in shares of Ooma during the first quarter valued at $96,000. Essential Partners LLC increased its holdings in shares of Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company's stock valued at $119,000 after acquiring an additional 626 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Ooma in the 2nd quarter worth about $176,000. Institutional investors own 80.42% of the company's stock.
About Ooma
(
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.
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