Jane Street Group LLC Sells 27,512 Shares of Ooma, Inc. (NYSE:OOMA)

Jane Street Group LLC decreased its position in shares of Ooma, Inc. (NYSE:OOMA - Free Report) by 67.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Ooma in the fourth quarter worth approximately $92,000. EntryPoint Capital LLC bought a new position in Ooma in the 4th quarter valued at $153,000. Oxford Asset Management LLP purchased a new stake in Ooma in the fourth quarter worth $168,000. SG Americas Securities LLC increased 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 purchasing an additional 2,663 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Ooma during the fourth quarter worth $189,000. Institutional investors own 80.42% of the company's stock.

Insider Buying and Selling at Ooma

In other Ooma news, CAO Namrata Sabharwal sold 3,428 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $13.46, for a total transaction of $46,140.88. Following the completion of the sale, the chief accounting officer now owns 80,931 shares in the company, valued at $1,089,331.26. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shigeyuki Hamamatsu sold 10,704 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $13.31, for a total value of $142,470.24. Following the sale, the chief financial officer now directly owns 207,909 shares in the company, valued at $2,767,268.79. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,711 shares of company stock valued at $392,282. Company insiders own 9.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on OOMA shares. Lake Street Capital cut their price target on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Benchmark boosted their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ooma currently has a consensus rating of "Buy" and an average target price of $17.63.

Ooma Stock Down 2.4%

NYSE OOMA traded down $0.32 on Tuesday, reaching $12.95. 151,063 shares of the stock traded hands, compared to its average volume of 124,189. Ooma, Inc. has a 12 month low of $7.83 and a 12 month high of $17.00. The company has a market cap of $356.91 million, a price-to-earnings ratio of -35.00 and a beta of 1.22. The company has a fifty day moving average price of $12.73 and a 200-day moving average price of $13.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08.

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.