Jane Street Group LLC Lowers Holdings in Ooma, Inc. (NYSE:OOMA)

Jane Street Group LLC lessened its stake in Ooma, Inc. (NYSE:OOMA - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,035 shares of the technology company's stock after selling 27,512 shares during the period. Jane Street Group LLC's holdings in Ooma were worth $183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Ooma in the fourth quarter worth approximately $92,000. EntryPoint Capital LLC purchased a new stake in Ooma in the fourth quarter worth $153,000. Oxford Asset Management LLP purchased a new stake in Ooma in the fourth quarter worth $168,000. SG Americas Securities LLC lifted its stake in Ooma by 26.4% in the fourth quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock worth $180,000 after acquiring an additional 2,663 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in Ooma in the fourth quarter worth $189,000. Hedge funds and other institutional investors own 80.42% of the company's stock.

Insiders Place Their Bets

In other Ooma news, CAO Namrata Sabharwal sold 4,852 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $13.28, for a total transaction of $64,434.56. Following the sale, the chief accounting officer now owns 76,079 shares in the company, valued at approximately $1,010,329.12. This trade represents a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Lake Street Capital decreased their price target on shares of Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Benchmark raised their price target on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ooma presently has an average rating of "Buy" and a consensus price target of $17.63.

Ooma Stock Performance

Shares of Ooma stock traded up $0.03 during trading hours on Monday, reaching $13.27. 100,989 shares of the stock traded hands, compared to its average volume of 123,748. The company has a 50 day moving average price of $12.72 and a 200 day moving average price of $13.76. The firm has a market capitalization of $365.84 million, a price-to-earnings ratio of -35.87 and a beta of 1.22. Ooma, Inc. has a one year low of $7.83 and a one 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.

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.