Insider Selling: Ooma, Inc. (NYSE:OOMA) VP Sells $19,138.00 in Stock

Ooma, Inc. (NYSE:OOMA) VP Jenny C. Yeh sold 1,367 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $14.00, for a total value of $19,138.00. Following the completion of the transaction, the vice president now owns 40,197 shares of the company’s stock, valued at approximately $562,758. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NYSE OOMA opened at $14.78 on Friday. Ooma, Inc. has a 12 month low of $7.45 and a 12 month high of $19.18. The stock has a market cap of $331.07 million, a P/E ratio of -29.56 and a beta of 0.50. The stock’s fifty day moving average price is $13.45 and its 200-day moving average price is $13.85. The company has a current ratio of 1.14, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, August 25th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Ooma had a negative return on equity of 20.50% and a negative net margin of 6.49%. The firm had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $40.17 million. As a group, analysts forecast that Ooma, Inc. will post -0.18 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Ooma from a “buy” rating to a “hold” rating in a report on Wednesday, July 29th. Benchmark assumed coverage on Ooma in a report on Wednesday, July 22nd. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Northland Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Ooma in a report on Wednesday, August 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OOMA. Marshall Wace North America L.P. purchased a new stake in shares of Ooma during the first quarter valued at $28,000. Victory Capital Management Inc. raised its holdings in shares of Ooma by 307.4% during the first quarter. Victory Capital Management Inc. now owns 74,697 shares of the technology company’s stock valued at $891,000 after purchasing an additional 56,362 shares during the last quarter. Citigroup Inc. lifted its position in Ooma by 48.2% during the first quarter. Citigroup Inc. now owns 5,967 shares of the technology company’s stock valued at $71,000 after purchasing an additional 1,942 shares during the period. BNP Paribas Arbitrage SA lifted its position in Ooma by 117.7% during the first quarter. BNP Paribas Arbitrage SA now owns 6,188 shares of the technology company’s stock valued at $74,000 after purchasing an additional 3,345 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in Ooma by 35.8% during the first quarter. Nuveen Asset Management LLC now owns 264,250 shares of the technology company’s stock valued at $3,152,000 after purchasing an additional 69,682 shares during the period. 81.11% of the stock is currently owned by hedge funds and other institutional investors.

About Ooma

Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based software-as-a-service and unified-communications-as-a-service (UCaaS) platforms serve as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services.

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