Mackenzie Financial Corp Buys 81,446 Shares of Ooma, Inc. (NYSE:OOMA)

Key Points

• Mackenzie Financial Corp increased its holdings in Ooma, Inc. by 172.9% in Q1, owning around 128,555 shares valued at approximately $1.68 million.
• CEO Eric B. Stang and Director Andrew H. Galligan both sold shares recently, with the CEO reducing ownership by 0.86% and the director by 4.89%.
• Ooma's stock is currently trading at $11.05, having experienced a 2.9% decline, with a market capitalization of $304.98 million.

Mackenzie Financial Corp grew its holdings in shares of Ooma, Inc. (NYSE:OOMA - Free Report) by 172.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,555 shares of the technology company's stock after purchasing an additional 81,446 shares during the period. Mackenzie Financial Corp owned approximately 0.47% of Ooma worth $1,683,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Ooma by 0.9% during the fourth quarter. Barclays PLC now owns 99,891 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 927 shares during the period. Occudo Quantitative Strategies LP raised its holdings in shares of Ooma by 14.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 22,957 shares of the technology company's stock valued at $323,000 after buying an additional 2,833 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ooma by 0.4% in the fourth quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company's stock valued at $11,615,000 after buying an additional 3,200 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Ooma by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 15,295 shares of the technology company's stock valued at $215,000 after buying an additional 3,466 shares during the last quarter. Finally, Bailard Inc. raised its holdings in shares of Ooma by 36.0% in the first quarter. Bailard Inc. now owns 16,392 shares of the technology company's stock valued at $215,000 after buying an additional 4,335 shares during the last quarter. Institutional investors own 80.42% of the company's stock.

Ooma Price Performance

Shares of Ooma stock traded down $0.38 during trading on Thursday, hitting $11.03. 47,033 shares of the company were exchanged, compared to its average volume of 139,783. The firm has a market capitalization of $304.43 million, a P/E ratio of -58.05 and a beta of 1.21. Ooma, Inc. has a 1-year low of $7.83 and a 1-year high of $17.00. The firm's fifty day moving average price is $12.46 and its 200 day moving average price is $13.14.

Insiders Place Their Bets

In other news, Director Andrew H. Galligan sold 12,407 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $12.43, for a total transaction of $154,219.01. Following the sale, the director owned 241,081 shares in the company, valued at $2,996,636.83. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eric B. Stang sold 10,727 shares of the company's stock in a transaction 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 directly owned 1,236,997 shares in the company, valued at approximately $16,056,221.06. This represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,609 shares of company stock worth $666,657. Company insiders own 9.90% 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.