Mackenzie Financial Corp Has $662,000 Stake in Ooma, Inc. (NYSE:OOMA)

Mackenzie Financial Corp raised its position in Ooma, Inc. (NYSE:OOMA - Free Report) by 98.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,109 shares of the technology company's stock after purchasing an additional 23,331 shares during the quarter. Mackenzie Financial Corp owned about 0.17% of Ooma worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ooma by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company's stock valued at $18,822,000 after acquiring an additional 71,247 shares during the period. Renaissance Technologies LLC increased its stake in shares of Ooma by 0.4% during the fourth quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company's stock valued at $11,615,000 after acquiring an additional 3,200 shares during the period. Geode Capital Management LLC increased its stake in shares of Ooma by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 554,211 shares of the technology company's stock valued at $7,794,000 after acquiring an additional 7,693 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Ooma by 284.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock valued at $3,557,000 after acquiring an additional 187,245 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ooma by 40.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock valued at $3,223,000 after acquiring an additional 66,009 shares during the period. Institutional investors and hedge funds own 80.42% of the company's stock.

Insider Buying and Selling

In related news, CAO Namrata Sabharwal sold 3,428 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $13.46, for a total value of $46,140.88. Following the completion of the transaction, the chief accounting officer now owns 80,931 shares of the company's stock, valued at approximately $1,089,331.26. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.90% of the stock is currently owned by insiders.

Ooma Price Performance

NYSE:OOMA traded up $0.07 during trading hours on Friday, reaching $13.25. 138,136 shares of the company's stock were exchanged, compared to its average volume of 123,603. The company has a market capitalization of $365.29 million, a P/E ratio of -35.82 and a beta of 1.22. Ooma, Inc. has a 12 month low of $7.83 and a 12 month 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 business's 50-day simple moving average is $12.72 and its two-hundred day simple moving average is $13.77.

Analyst Ratings Changes

A number of research analysts recently commented on OOMA shares. Benchmark raised their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Lake Street Capital lowered their price objective on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.63.

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.