Insider Selling: Ooma (NYSE:OOMA) SVP Sells 20,966 Shares

Key Points

• Ooma SVP Jenny Yeh sold 20,966 shares at an average price of $24.05, generating approximately $504,232. After the transaction, she retained 237,649 shares, an 8.11% reduction in her holdings.
• Ooma reported quarterly EPS of $0.35, beating estimates of $0.33, while revenue of $83.23 million exceeded expectations of $81.72 million. Shares recently traded at $22.60, with a 52-week range of $9.79 to $26.19.
• Analysts maintain a generally positive view, with five Buy ratings and one Hold rating and a consensus price target of $25.00. Institutional investors and hedge funds own 80.42% of Ooma’s outstanding shares.

Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 20,966 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $24.05, for a total value of $504,232.30. Following the completion of the sale, the senior vice president directly owned 237,649 shares in the company, valued at approximately $5,715,458.45. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Ooma Price Performance

Shares of Ooma stock traded down $0.31 during trading on Monday, reaching $22.60. 669,226 shares of the company's stock were exchanged, compared to its average volume of 419,078. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $26.19. The company has a market cap of $621.50 million, a P/E ratio of 59.48 and a beta of 1.19. The firm's 50-day moving average price is $20.55 and its 200 day moving average price is $17.28.

Ooma (NYSE:OOMA - Get Free Report) last released its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The firm had revenue of $83.23 million for the quarter, compared to analysts' expectations of $81.72 million. Ooma had a return on equity of 23.89% and a net margin of 3.57%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, research analysts anticipate that Ooma, Inc. will post 0.86 earnings per share for the current year.

Hedge Funds Weigh In On Ooma

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Ooma by 395.6% in the second quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company's stock valued at $131,000 after purchasing an additional 5,431 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Ooma during the 2nd quarter worth about $549,000. Susquehanna International Group LLP grew its position in shares of Ooma by 221.3% in the 2nd quarter. Susquehanna International Group LLP now owns 72,537 shares of the technology company's stock valued at $1,394,000 after buying an additional 49,963 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Ooma in the second quarter valued at about $1,436,000. Finally, Man Group plc acquired a new stake in shares of Ooma in the second quarter valued at about $878,000. Institutional investors and hedge funds own 80.42% of the company's stock.

Analysts Set New Price Targets

OOMA has been the subject of several research reports. Benchmark reissued a "buy" rating on shares of Ooma in a research note on Monday, August 17th. William Blair set a $24.00 price target on shares of Ooma in a report on Monday, August 17th. UBS Group reiterated a "buy" rating on shares of Ooma in a research note on Thursday. Citigroup reissued a "market perform" rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $25.00 target price on shares of Ooma in a report on Thursday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.00.

About Ooma

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.

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