Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 4,090 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $12.01, for a total transaction of $49,120.90. Following the sale, the chief financial officer now directly owns 175,056 shares of the company’s stock, valued at $2,102,422.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ravi Narula also recently made the following trade(s):
- On Thursday, January 11th, Ravi Narula sold 3,490 shares of Ooma stock. The shares were sold at an average price of $12.02, for a total transaction of $41,949.80.
- On Friday, December 15th, Ravi Narula sold 3,143 shares of Ooma stock. The shares were sold at an average price of $12.00, for a total transaction of $37,716.00.
- On Monday, December 18th, Ravi Narula sold 3,535 shares of Ooma stock. The shares were sold at an average price of $12.00, for a total transaction of $42,420.00.
Shares of Ooma Inc (OOMA) opened at $11.60 on Friday. The stock has a market cap of $224.99, a price-to-earnings ratio of -16.11 and a beta of 1.37. Ooma Inc has a 52 week low of $7.30 and a 52 week high of $12.75.
Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $28.50 million during the quarter, compared to analysts’ expectations of $28.04 million. Ooma had a negative net margin of 11.65% and a negative return on equity of 32.29%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. analysts anticipate that Ooma Inc will post -0.7 EPS for the current fiscal year.
A number of analysts have commented on OOMA shares. B. Riley reaffirmed a “buy” rating and set a $13.00 target price on shares of Ooma in a report on Wednesday, November 29th. Northland Securities reaffirmed a “buy” rating and set a $10.75 target price on shares of Ooma in a report on Wednesday, October 4th. Finally, ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Ooma currently has an average rating of “Hold” and an average price target of $12.67.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC purchased a new stake in shares of Ooma in the third quarter worth $115,000. Rhumbline Advisers purchased a new stake in shares of Ooma in the second quarter worth $128,000. New York State Common Retirement Fund purchased a new stake in shares of Ooma in the second quarter worth $144,000. Menta Capital LLC increased its stake in shares of Ooma by 58.3% in the second quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock worth $155,000 after purchasing an additional 7,123 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma in the second quarter worth $186,000. 72.32% of the stock is owned by hedge funds and other institutional investors.
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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.
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