Russell Investments Group Ltd. boosted its stake in shares of Ooma Inc (NYSE:OOMA) by 33.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,439 shares of the technology company’s stock after purchasing an additional 128,583 shares during the quarter. Russell Investments Group Ltd. owned about 2.79% of Ooma worth $5,374,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Credit Suisse AG lifted its holdings in shares of Ooma by 4.7% during the first quarter. Credit Suisse AG now owns 120,696 shares of the technology company’s stock worth $1,201,000 after buying an additional 5,445 shares in the last quarter. Menta Capital LLC lifted its holdings in shares of Ooma by 58.3% during the second quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock worth $155,000 after buying an additional 7,123 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Ooma by 33.0% during the second quarter. GSA Capital Partners LLP now owns 30,600 shares of the technology company’s stock worth $245,000 after buying an additional 7,600 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Ooma by 94.2% during the second quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock worth $193,000 after buying an additional 11,686 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ooma by 58.6% during the first quarter. Goldman Sachs Group Inc. now owns 34,966 shares of the technology company’s stock worth $348,000 after buying an additional 12,923 shares in the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.
Ooma Inc (NYSE OOMA) traded up $0.05 during mid-day trading on Tuesday, reaching $11.15. The company had a trading volume of 72,900 shares, compared to its average volume of 140,334. Ooma Inc has a fifty-two week low of $7.30 and a fifty-two week high of $12.30.
A number of research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of Ooma in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $10.75 price target on shares of Ooma in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.67.
In other Ooma news, Director Russell Mann sold 32,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $10.46, for a total transaction of $339,950.00. Following the completion of the transaction, the director now owns 81,279 shares of the company’s stock, valued at $850,178.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric B. Stang sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $11.22, for a total value of $112,200.00. Following the transaction, the chief executive officer now directly owns 1,257,704 shares of the company’s stock, valued at approximately $14,111,438.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,371 shares of company stock valued at $783,751. 11.42% of the stock is owned by insiders.
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Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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