Ooma, Inc. (NYSE:OOMA) CEO Eric B. Stang Sells 10,727 Shares

Ooma, Inc. (NYSE:OOMA - Get Free Report) CEO Eric B. Stang sold 10,727 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $12.98, for a total value of $139,236.46. Following the completion of the transaction, the chief executive officer now owns 1,236,997 shares of the company's stock, valued at approximately $16,056,221.06. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma Stock Performance

OOMA traded down $0.20 during midday trading on Wednesday, reaching $12.73. The company had a trading volume of 127,316 shares, compared to its average volume of 124,322. Ooma, Inc. has a 1 year low of $7.83 and a 1 year high of $17.00. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $350.93 million, a P/E ratio of -34.41 and a beta of 1.22. The business has a 50-day moving average of $12.74 and a two-hundred day moving average of $13.75.

Analyst Upgrades and Downgrades

OOMA has been the topic of a number of recent research reports. Benchmark increased their target price on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Lake Street Capital lowered their price target on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $17.63.

Institutional Investors Weigh In On Ooma

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Ooma in the 4th quarter worth $92,000. EntryPoint Capital LLC bought a new stake in Ooma in the fourth quarter worth $153,000. Invesco Ltd. purchased a new stake in shares of Ooma during the 1st quarter valued at about $161,000. Oxford Asset Management LLP purchased a new stake in Ooma during the fourth quarter valued at approximately $168,000. Finally, Squarepoint Ops LLC purchased a new stake in Ooma during the 4th quarter valued at $186,000. Institutional investors own 80.42% of the company's stock.

About Ooma

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.