Ooma Inc (OOMA) VP Sells $95,286.55 in Stock

Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 8,485 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.23, for a total value of $95,286.55. Following the completion of the sale, the vice president now directly owns 173,689 shares of the company’s stock, valued at $1,950,527.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ooma Inc (NYSE OOMA) traded up $0.05 during mid-day trading on Friday, hitting $11.50. The stock had a trading volume of 54,600 shares, compared to its average volume of 139,514. Ooma Inc has a 52 week low of $7.30 and a 52 week high of $12.30.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. Ooma’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. analysts anticipate that Ooma Inc will post -0.69 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of Ooma in the third quarter valued at approximately $501,000. Sterling Capital Management LLC grew its holdings in Ooma by 65.1% during the third quarter. Sterling Capital Management LLC now owns 68,706 shares of the technology company’s stock valued at $725,000 after purchasing an additional 27,097 shares during the period. Wolverine Trading LLC bought a new position in Ooma during the third quarter valued at $115,000. Royce & Associates LP grew its holdings in Ooma by 13.7% during the third quarter. Royce & Associates LP now owns 568,728 shares of the technology company’s stock valued at $6,000,000 after purchasing an additional 68,380 shares during the period. Finally, B. Riley Financial Inc. grew its holdings in Ooma by 62.7% during the third quarter. B. Riley Financial Inc. now owns 188,526 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 72,681 shares during the period. 75.13% of the stock is owned by institutional investors.

Several brokerages have recently commented on OOMA. B. Riley reissued a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $10.75 target price on shares of Ooma in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.67.

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Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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