Ooma, Inc. (NYSE:OOMA - Get Free Report) Director Andrew H. Galligan sold 12,407 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $12.43, for a total transaction of $154,219.01. Following the transaction, the director now directly owns 241,081 shares of the company's stock, valued at $2,996,636.83. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ooma Price Performance
Shares of OOMA stock traded up $0.15 on Friday, hitting $12.58. The stock had a trading volume of 94,143 shares, compared to its average volume of 130,464. The business has a 50 day moving average of $12.80 and a 200 day moving average of $13.56. Ooma, Inc. has a 12-month low of $7.83 and a 12-month high of $17.00. The stock has a market cap of $347.29 million, a price-to-earnings ratio of -66.16 and a beta of 1.22.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Benchmark upped their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital decreased their target price on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ooma currently has a consensus rating of "Buy" and an average target price of $17.63.
Read Our Latest Report on OOMA
Institutional Investors Weigh In On Ooma
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Ooma in the 4th quarter worth approximately $92,000. EntryPoint Capital LLC purchased a new position in shares of Ooma in the 4th quarter worth about $153,000. Invesco Ltd. bought a new position in shares of Ooma during the first quarter valued at about $161,000. Oxford Asset Management LLP bought a new stake in Ooma during the 4th quarter valued at $168,000. Finally, Squarepoint Ops LLC purchased a new stake in Ooma in the fourth quarter worth $186,000. Hedge funds and other institutional investors own 80.42% of the company's stock.
About Ooma
(
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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.
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