Ooma (NYSE:OOMA) Director Susan Butenhoff Sells 9,000 Shares of Company Stock

Ooma, Inc. (NYSE:OOMA) Director Susan Butenhoff sold 9,000 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total transaction of $198,180.00. Following the completion of the transaction, the director owned 109,483 shares of the company’s stock, valued at approximately $2,410,815.66. This represents a 7.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ooma Price Performance

Shares of Ooma stock traded down $0.19 during trading on Thursday, hitting $21.86. 371,706 shares of the company’s stock traded hands, compared to its average volume of 553,779. The company has a market cap of $603.31 million, a PE ratio of 57.53 and a beta of 1.20. The firm’s fifty day moving average price is $21.67 and its 200 day moving average price is $18.60. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $26.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $83.23 million during the quarter, compared to analyst estimates of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On Ooma

A number of large investors have recently bought and sold shares of OOMA. Squarepoint Ops LLC acquired a new stake in Ooma during the 2nd quarter valued at $244,000. Susquehanna Fundamental Investments LLC acquired a new position in Ooma in the second quarter worth $549,000. Susquehanna International Group LLP boosted its stake in Ooma by 221.3% in the second quarter. Susquehanna International Group LLP now owns 72,537 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 49,963 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Ooma during the second quarter worth $1,436,000. Finally, Man Group plc bought a new stake in shares of Ooma during the second quarter worth $878,000. 80.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Lake Street Capital reissued a “buy” rating and set a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. UBS Group restated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, William Blair set a $24.00 target price on shares of Ooma in a report on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Ooma has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.