Ooma Inc (OOMA) CFO Sells $73,298.61 in Stock

Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 4,533 shares of Ooma stock in a transaction on Friday, August 10th. The stock was sold at an average price of $16.17, for a total value of $73,298.61. Following the sale, the chief financial officer now owns 181,801 shares in the company, valued at $2,939,722.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ravi Narula also recently made the following trade(s):

  • On Tuesday, July 10th, Ravi Narula sold 4,533 shares of Ooma stock. The stock was sold at an average price of $15.45, for a total value of $70,034.85.
  • On Monday, June 11th, Ravi Narula sold 4,533 shares of Ooma stock. The stock was sold at an average price of $12.21, for a total value of $55,347.93.
  • On Friday, May 18th, Ravi Narula sold 13,599 shares of Ooma stock. The stock was sold at an average price of $12.04, for a total value of $163,731.96.

Shares of Ooma stock opened at $16.40 on Wednesday. The firm has a market cap of $317.52 million, a P/E ratio of -23.77 and a beta of 0.92. Ooma Inc has a 12 month low of $7.40 and a 12 month high of $16.90.



Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 22nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $30.22 million for the quarter, compared to analyst estimates of $29.71 million. Ooma had a negative return on equity of 33.52% and a negative net margin of 11.45%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. analysts anticipate that Ooma Inc will post -0.74 EPS for the current fiscal year.

A number of analysts recently commented on the company. Credit Suisse Group assumed coverage on Ooma in a report on Friday, August 10th. They set a “neutral” rating and a $13.00 price target on the stock. ValuEngine upgraded Ooma from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. B. Riley lifted their price target on Ooma from $14.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, May 23rd. Finally, Zacks Investment Research upgraded Ooma from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $14.38.

Institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP bought a new stake in shares of Ooma in the second quarter valued at $157,000. Trexquant Investment LP bought a new stake in shares of Ooma in the second quarter valued at $173,000. Schwab Charles Investment Management Inc. raised its stake in shares of Ooma by 29.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 37,100 shares of the technology company’s stock valued at $405,000 after buying an additional 8,400 shares during the period. American Century Companies Inc. raised its stake in shares of Ooma by 20.9% in the first quarter. American Century Companies Inc. now owns 39,009 shares of the technology company’s stock valued at $425,000 after buying an additional 6,749 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Ooma by 35.7% in the fourth quarter. Deutsche Bank AG now owns 44,790 shares of the technology company’s stock valued at $533,000 after buying an additional 11,791 shares during the period. Hedge funds and other institutional investors own 67.64% of the company’s stock.

About Ooma

Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.

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