Ooma Inc (OOMA) CFO Sells $49,120.90 in Stock

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.

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

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