Ooma, Inc. (NYSE:OOMA) CAO Sells $120,156.06 in Stock

Ooma, Inc. (NYSE:OOMA - Get Free Report) CAO Namrata Sabharwal sold 9,491 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $12.66, for a total transaction of $120,156.06. Following the completion of the transaction, the chief accounting officer now directly owns 65,935 shares of the company's stock, valued at approximately $834,737.10. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, June 4th, Namrata Sabharwal sold 4,852 shares of Ooma stock. The stock was sold at an average price of $13.28, for a total transaction of $64,434.56.
• On Tuesday, June 3rd, Namrata Sabharwal sold 3,428 shares of Ooma stock. The stock was sold at an average price of $13.46, for a total transaction of $46,140.88.

Ooma Price Performance

NYSE OOMA traded up $0.25 on Monday, hitting $12.46. The stock had a trading volume of 138,981 shares, compared to its average volume of 124,752. The firm has a 50-day moving average of $12.77 and a 200-day moving average of $13.69. 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 market capitalization of $343.92 million, a price-to-earnings ratio of -33.68 and a beta of 1.22. Ooma, Inc. has a 52-week low of $7.83 and a 52-week high of $17.00.

Analyst Ratings Changes

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

Institutional Trading of Ooma

Institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. purchased a new stake in shares of Ooma during the 4th quarter valued at $363,000. Squarepoint Ops LLC purchased a new stake in shares of Ooma during the 4th quarter valued at $186,000. Deutsche Bank AG raised its position in shares of Ooma by 95.4% during the 4th quarter. Deutsche Bank AG now owns 26,182 shares of the technology company's stock valued at $368,000 after buying an additional 12,780 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Ooma by 138.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 75,456 shares of the technology company's stock valued at $1,061,000 after buying an additional 43,776 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Ooma by 5.4% during the 4th quarter. Northern Trust Corp now owns 215,579 shares of the technology company's stock valued at $3,031,000 after buying an additional 11,107 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company's stock.

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.