Ooma, Inc. (NYSE:OOMA) Director William D. Pearce Sells 3,700 Shares

Ooma, Inc. (NYSE:OOMA) Director William D. Pearce sold 3,700 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $15.54, for a total value of $57,498.00. Following the sale, the director now owns 163,353 shares in the company, valued at $2,538,505.62. The trade was a 2.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ooma Stock Down 1.5 %

Shares of NYSE OOMA opened at $15.14 on Friday. The stock has a fifty day moving average price of $13.23 and a two-hundred day moving average price of $10.88. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00.

Analyst Ratings Changes

OOMA has been the subject of a number of recent analyst reports. Northland Securities increased their price objective on Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Lake Street Capital increased their price objective on Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. B. Riley increased their price objective on Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark increased their price objective on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One research 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’s stock. According to data from MarketBeat.com, Ooma has a consensus rating of “Buy” and an average target price of $16.60.

Hedge Funds Weigh In On Ooma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in Ooma during the 3rd quarter valued at $197,000. Barclays PLC boosted its stake in Ooma by 32.7% during the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after purchasing an additional 24,402 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ooma by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock worth $6,226,000 after acquiring an additional 4,683 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Ooma during the 3rd quarter worth $185,000. Finally, Jane Street Group LLC boosted its stake in shares of Ooma by 2.1% during the 3rd 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 in the last quarter. 80.42% of the stock is owned by institutional investors.

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.