Ooma (NYSE:OOMA) CAO Sells $33,240.00 in Stock

Key Points

• Ooma CAO Namrata Sabharwal sold 1,500 shares at an average price of $22.16, totaling $33,240 and reducing her ownership by 1.77%. She previously sold 2,481 shares on September 10.
• Ooma shares fell 2.7% to $21.19, while the company’s latest quarterly results exceeded expectations with earnings of $0.35 per share and revenue of $83.23 million.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $25.00. Institutional investors own 80.42% of the company.

Ooma, Inc. (NYSE:OOMA - Get Free Report) CAO Namrata Sabharwal sold 1,500 shares of the stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $22.16, for a total value of $33,240.00. Following the sale, the chief accounting officer owned 83,455 shares of the company's stock, valued at approximately $1,849,362.80. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Namrata Sabharwal also recently made the following trade(s):

• On Thursday, September 10th, Namrata Sabharwal sold 2,481 shares of Ooma stock. The shares were sold at an average price of $23.20, for a total transaction of $57,559.20.

Ooma Stock Down 2.7%

Shares of OOMA stock traded down $0.58 during trading hours on Monday, reaching $21.19. The company had a trading volume of 436,052 shares, compared to its average volume of 324,906. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The company has a market cap of $584.82 million, a price-to-earnings ratio of 55.76 and a beta of 1.20. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19. The business has a fifty day simple moving average of $21.69 and a 200-day simple moving average of $18.65.

Ooma (NYSE:OOMA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The business had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, research analysts expect that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark restated a "buy" rating on shares of Ooma in a report on Monday, August 17th. B. Riley Financial lifted their price objective on Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Alliance Global Partners restated a "buy" rating on shares of Ooma in a research note on Thursday, August 27th. UBS Group reaffirmed a "buy" rating on shares of Ooma in a research note on Thursday, August 27th. Finally, William Blair set a $24.00 price target on Ooma in a report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Institutional Investors Weigh In On Ooma

A number of institutional investors have recently added to or reduced their stakes in OOMA. BlackRock Inc. purchased a new stake in Ooma during the 2nd quarter valued at about $69,001,000. Renaissance Technologies LLC increased its position in shares of Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company's stock worth $13,273,000 after purchasing an additional 99,100 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Ooma in the first quarter worth about $5,847,000. Dimensional Fund Advisors LP boosted its stake in Ooma by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company's stock worth $5,514,000 after buying an additional 44,097 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in Ooma during the second quarter worth about $4,235,000. Institutional investors own 80.42% of the company's stock.

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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