Namrata Sabharwal Sells 2,481 Shares of Ooma (NYSE:OOMA) Stock

Key Points

• Ooma CAO Namrata Sabharwal sold 2,481 shares at an average price of $23.20, generating $57,559.20. Her remaining direct ownership fell 2.87% to 83,927 shares.
• Ooma’s stock traded at $22.79, near the upper end of its 52-week range. The company recently exceeded quarterly expectations, reporting $0.35 in EPS versus the $0.33 consensus and revenue of $83.23 million versus $81.72 million expected.
• Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold and an average price target of $25.00. Institutional investors and hedge funds own approximately 80.42% of the stock.

Ooma, Inc. (NYSE:OOMA - Get Free Report) CAO Namrata Sabharwal sold 2,481 shares of Ooma stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $23.20, for a total value of $57,559.20. Following the sale, the chief accounting officer directly owned 83,927 shares of the company's stock, valued at approximately $1,947,106.40. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ooma Trading Up 0.1%

NYSE:OOMA traded up $0.02 during mid-day trading on Monday, hitting $22.79. The company had a trading volume of 433,523 shares, compared to its average volume of 311,439. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $26.19. The business's fifty day moving average is $21.26 and its two-hundred day moving average is $18.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The firm has a market cap of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20.

Ooma (NYSE:OOMA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million during the quarter, compared to analysts' expectations of $81.72 million. Ooma had a return on equity of 23.55% 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 expect that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Ooma in the 2nd quarter valued at approximately $244,000. California State Teachers Retirement System boosted its position in Ooma by 395.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company's stock worth $131,000 after acquiring an additional 5,431 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Ooma during the 2nd quarter worth approximately $549,000. Susquehanna International Group LLP grew its stake in shares of Ooma by 221.3% during the 2nd quarter. Susquehanna International Group LLP now owns 72,537 shares of the technology company's stock worth $1,394,000 after acquiring an additional 49,963 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Ooma during the 2nd quarter worth approximately $1,436,000. 80.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on OOMA. Benchmark restated a "buy" rating on shares of Ooma in a research report on Monday, August 17th. Citigroup restated a "market perform" rating on shares of Ooma in a report on Wednesday, May 27th. William Blair set a $24.00 price target on Ooma in a research report on Monday, August 17th. Lake Street Capital reiterated a "buy" rating and issued a $25.00 price objective on shares of Ooma in a research report on Thursday, August 27th. Finally, B. Riley Financial increased their target price on Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.00.

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.

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