Campbell & CO Investment Adviser LLC Purchases 18,412 Shares of Ooma, Inc. $OOMA

Campbell & CO Investment Adviser LLC increased its holdings in Ooma, Inc. (NYSE:OOMA) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,170 shares of the technology company’s stock after purchasing an additional 18,412 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.20% of Ooma worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of OOMA. Bailard Inc. lifted its holdings in Ooma by 36.0% in the 1st quarter. Bailard Inc. now owns 16,392 shares of the technology company’s stock worth $215,000 after buying an additional 4,335 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Ooma by 172.9% during the first quarter. Mackenzie Financial Corp now owns 128,555 shares of the technology company’s stock valued at $1,683,000 after acquiring an additional 81,446 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ooma by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,387,184 shares of the technology company’s stock worth $18,158,000 after acquiring an additional 48,459 shares during the period. Bard Associates Inc. boosted its holdings in Ooma by 5.9% in the first quarter. Bard Associates Inc. now owns 28,257 shares of the technology company’s stock valued at $370,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Ooma by 4.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 239,992 shares of the technology company’s stock valued at $3,141,000 after purchasing an additional 10,771 shares during the period. Institutional investors own 80.42% of the company’s stock.

Insider Buying and Selling at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 7,335 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $12.89, for a total transaction of $94,548.15. Following the sale, the chief financial officer directly owned 191,972 shares of the company’s stock, valued at approximately $2,474,519.08. This represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric B. Stang sold 19,265 shares of Ooma stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $12.85, for a total transaction of $247,555.25. Following the completion of the transaction, the chief executive officer directly owned 688,729 shares of the company’s stock, valued at $8,850,167.65. This trade represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.90% of the company’s stock.

Ooma Stock Down 0.8%

Shares of OOMA opened at $11.34 on Friday. The stock has a market cap of $312.98 million, a P/E ratio of -161.98 and a beta of 1.32. The business’s 50 day moving average price is $11.86 and its 200-day moving average price is $12.29. Ooma, Inc. has a 52 week low of $10.89 and a 52 week high of $17.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OOMA shares. Lake Street Capital raised their target price on shares of Ooma from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JMP Securities restated a “market perform” rating on shares of Ooma in a report on Wednesday, August 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Ooma in a research report on Monday, August 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Ooma Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.