PDT Partners LLC Invests $421,000 in Ooma, Inc. (OOMA)

PDT Partners LLC bought a new stake in Ooma, Inc. (NYSE:OOMA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,600 shares of the technology company’s stock, valued at approximately $421,000. PDT Partners LLC owned 0.29% of Ooma at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Menta Capital LLC purchased a new position in Ooma in the 1st quarter worth about $122,000. FNY Partners Fund LP purchased a new position in Ooma in the 1st quarter worth about $129,000. Rhumbline Advisers purchased a new position in Ooma in the 2nd quarter worth about $128,000. New York State Common Retirement Fund purchased a new position in Ooma in the 2nd quarter worth about $144,000. Finally, Trexquant Investment LP purchased a new position in Ooma in the 1st quarter worth about $189,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of Ooma in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $10.75 price target on shares of Ooma in a research note on Wednesday. Two 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 company. The stock has an average rating of “Hold” and a consensus price target of $11.92.

Ooma, Inc. (OOMA) opened at 10.95 on Friday. Ooma, Inc. has a 1-year low of $8.39 and a 1-year high of $11.00. The stock’s market cap is $202.27 million. The company has a 50-day moving average of $10.18 and a 200 day moving average of $10.18.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.16). The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $27.72 million. Ooma had a negative net margin of 11.48% and a negative return on equity of 30.96%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Analysts predict that Ooma, Inc. will post ($0.10) EPS for the current year.

In related news, VP Spencer D. Jackson sold 8,902 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $9.51, for a total value of $84,658.02. Following the sale, the vice president now directly owns 115,496 shares in the company, valued at approximately $1,098,366.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James A. Gustke sold 5,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $9.81, for a total transaction of $49,050.00. Following the completion of the sale, the vice president now owns 196,333 shares in the company, valued at $1,926,026.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,371 shares of company stock worth $671,551. 48.19% of the stock is owned by insiders.

About Ooma

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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Institutional Ownership by Quarter for Ooma (NYSE:OOMA)

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