Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 10,704 Shares

Ooma, Inc. (NYSE:OOMA - Get Free Report) CFO Shigeyuki Hamamatsu sold 10,704 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $13.31, for a total transaction of $142,470.24. Following the completion of the transaction, the chief financial officer now owns 207,909 shares of the company's stock, valued at $2,767,268.79. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ooma Price Performance

Shares of OOMA traded down $0.47 during trading hours on Friday, reaching $12.23. 118,013 shares of the company's stock traded hands, compared to its average volume of 124,375. The stock has a market cap of $337.07 million, a PE ratio of -33.05 and a beta of 1.22. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $12.76 and its 200-day simple moving average is $13.72. Ooma, Inc. has a 12 month low of $7.83 and a 12 month high of $17.00.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Benchmark raised their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital cut their price objective on shares of Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.63.

Institutional Trading of Ooma

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Ooma by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 1,387,184 shares of the technology company's stock valued at $18,158,000 after acquiring an additional 48,459 shares during the last quarter. Acadian Asset Management LLC lifted its position in Ooma by 39.8% in the 1st quarter. Acadian Asset Management LLC now owns 943,971 shares of the technology company's stock worth $12,344,000 after buying an additional 268,636 shares during the last quarter. Renaissance Technologies LLC lifted its position in Ooma by 0.4% in the 4th quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company's stock worth $11,615,000 after buying an additional 3,200 shares during the last quarter. Geode Capital Management LLC lifted its position in Ooma by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 554,211 shares of the technology company's stock worth $7,794,000 after buying an additional 7,693 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company's stock worth $4,144,000 after buying an additional 142,220 shares during the last quarter. 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.