Ooma, Inc. (NYSE:OOMA) CFO Sells $547,704.63 in Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 35,313 shares of Ooma stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $15.51, for a total value of $547,704.63. Following the transaction, the chief financial officer now owns 165,301 shares in the company, valued at approximately $2,563,818.51. This trade represents a 17.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ooma Stock Down 1.5 %

NYSE:OOMA opened at $15.14 on Friday. The company has a fifty day moving average price of $13.23 and a 200 day moving average price of $10.88. Ooma, Inc. has a one year low of $6.50 and a one year high of $17.00. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Ooma

Several large investors have recently modified their holdings of OOMA. Virtus Investment Advisers Inc. acquired a new stake in shares of Ooma during the third quarter worth approximately $98,000. SG Americas Securities LLC acquired a new position in Ooma during the 3rd quarter worth $115,000. Bailard Inc. acquired a new position in Ooma during the 2nd quarter valued at about $108,000. Paloma Partners Management Co bought a new stake in shares of Ooma during the 3rd quarter valued at $126,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Ooma in the second quarter valued at about $119,000. 80.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on OOMA shares. Northland Securities increased their target price on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. B. Riley boosted their target price on Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research report on Monday, November 25th. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Benchmark lifted their target price on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ooma currently has an average rating of “Buy” and a consensus target price of $16.60.

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.