Walleye Capital LLC Sells 38,707 Shares of Ooma, Inc. (NYSE:OOMA)

Walleye Capital LLC trimmed its stake in shares of Ooma, Inc. (NYSE:OOMA - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,322 shares of the technology company's stock after selling 38,707 shares during the quarter. Walleye Capital LLC owned about 0.06% of Ooma worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OOMA. State Street Corp boosted its stake in Ooma by 2.9% in the 3rd quarter. State Street Corp now owns 475,737 shares of the technology company's stock valued at $5,419,000 after purchasing an additional 13,240 shares during the period. Jane Street Group LLC increased its position in Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company's stock worth $462,000 after acquiring an additional 818 shares during the period. Barclays PLC raised its stake in Ooma by 32.7% in the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company's stock worth $1,128,000 after purchasing an additional 24,402 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ooma by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company's stock valued at $6,226,000 after purchasing an additional 4,683 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of Ooma during the third quarter worth approximately $197,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Benchmark increased their price target on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital decreased their price target on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. One investment 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's stock. Based on data from MarketBeat.com, Ooma has a consensus rating of "Buy" and an average target price of $17.63.

Ooma Trading Up 0.1 %

Shares of NYSE OOMA traded up $0.02 during trading on Thursday, reaching $12.25. The company had a trading volume of 13,211 shares, compared to its average volume of 123,520. Ooma, Inc. has a 12 month low of $6.82 and a 12 month high of $17.00. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The stock has a market cap of $337.48 million, a P/E ratio of -33.08 and a beta of 1.06. The company's fifty day moving average price is $13.03 and its 200-day moving average price is $13.66.

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.