Namrata Sabharwal Sells 3,428 Shares of Ooma, Inc. (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA - Get Free Report) CAO Namrata Sabharwal sold 3,428 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $13.46, for a total value of $46,140.88. Following the transaction, the chief accounting officer now directly owns 80,931 shares of the company's stock, valued at approximately $1,089,331.26. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ooma Trading Up 1.5%

Shares of OOMA stock traded up $0.20 during trading hours on Thursday, hitting $13.17. 119,647 shares of the company were exchanged, compared to its average volume of 123,253. The firm has a market cap of $362.92 million, a P/E ratio of -35.59 and a beta of 1.21. Ooma, Inc. has a fifty-two week low of $7.83 and a fifty-two week high of $17.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. The company has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $13.77.

Institutional Trading of Ooma

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Ooma by 26.4% in the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock valued at $180,000 after purchasing an additional 2,663 shares during the period. Bard Associates Inc. grew its position in Ooma by 31.1% in the 4th quarter. Bard Associates Inc. now owns 26,675 shares of the technology company's stock valued at $375,000 after purchasing an additional 6,328 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Ooma by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock valued at $3,223,000 after purchasing an additional 66,009 shares during the period. Globeflex Capital L P grew its position in Ooma by 473.7% in the 4th quarter. Globeflex Capital L P now owns 77,305 shares of the technology company's stock valued at $1,087,000 after purchasing an additional 63,831 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Ooma in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 80.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Lake Street Capital lowered their target price on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Benchmark increased their price objective on Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $17.63.

Ooma Company 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.