Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 4,533 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $12.21, for a total value of $55,347.93. Following the completion of the transaction, the chief financial officer now directly owns 196,663 shares in the company, valued at approximately $2,401,255.23. The transaction 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 Friday, May 18th, Ravi Narula sold 13,599 shares of Ooma stock. The shares were sold at an average price of $12.04, for a total value of $163,731.96.
Shares of OOMA stock traded down $0.25 during trading on Thursday, hitting $12.20. The company had a trading volume of 60,429 shares, compared to its average volume of 55,741. The stock has a market cap of $244.02 million, a P/E ratio of -17.68 and a beta of 0.85. Ooma Inc has a one year low of $7.30 and a one year high of $13.45.
Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, May 22nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $30.22 million during the quarter, compared to analysts’ expectations of $29.71 million. Ooma had a negative return on equity of 33.09% and a negative net margin of 11.45%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. equities research analysts predict that Ooma Inc will post -0.74 earnings per share for the current fiscal year.
Several equities analysts have recently commented on OOMA shares. Northland Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Ooma in a research report on Wednesday, March 7th. B. Riley upped their target price on Ooma from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, March 7th. ValuEngine raised Ooma from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised Ooma from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $13.00 target price (up previously from $12.00) on shares of Ooma in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.38.
Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Ooma by 29.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 37,100 shares of the technology company’s stock valued at $405,000 after buying an additional 8,400 shares during the period. American Century Companies Inc. boosted its stake in shares of Ooma by 20.9% in the first quarter. American Century Companies Inc. now owns 39,009 shares of the technology company’s stock valued at $425,000 after buying an additional 6,749 shares during the period. Alambic Investment Management L.P. bought a new stake in shares of Ooma in the first quarter valued at approximately $523,000. Deutsche Bank AG boosted its stake in shares of Ooma by 35.7% in the fourth quarter. Deutsche Bank AG now owns 44,790 shares of the technology company’s stock valued at $533,000 after buying an additional 11,791 shares during the period. Finally, EAM Investors LLC bought a new stake in shares of Ooma in the fourth quarter valued at approximately $698,000. Institutional investors and hedge funds own 73.83% of the company’s stock.
Ooma Company Profile
Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.
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