Ravi Narula Sells 4,090 Shares of Ooma Inc (OOMA) Stock

Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 4,090 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.01, for a total value of $49,120.90. Following the completion of the sale, the chief financial officer now owns 175,056 shares of the company’s stock, valued at $2,102,422.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ravi Narula also recently made the following trade(s):

  • On Thursday, January 11th, Ravi Narula sold 3,490 shares of Ooma stock. The shares were sold at an average price of $12.02, for a total value of $41,949.80.
  • On Friday, December 15th, Ravi Narula sold 3,143 shares of Ooma stock. The shares were sold at an average price of $12.00, for a total value of $37,716.00.
  • On Monday, December 18th, Ravi Narula sold 3,535 shares of Ooma stock. The shares were sold at an average price of $12.00, for a total value of $42,420.00.

Ooma Inc (NYSE OOMA) opened at $11.85 on Thursday. Ooma Inc has a 12 month low of $7.30 and a 12 month high of $12.75. The company has a market capitalization of $221.19, a price-to-earnings ratio of -16.46 and a beta of 1.37.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. The business had revenue of $28.50 million for the quarter, compared to analyst estimates of $28.04 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. research analysts predict that Ooma Inc will post -0.7 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Menta Capital LLC lifted its stake in shares of Ooma by 58.3% in the 2nd quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock valued at $155,000 after purchasing an additional 7,123 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Ooma by 33.0% in the 2nd quarter. GSA Capital Partners LLP now owns 30,600 shares of the technology company’s stock valued at $245,000 after purchasing an additional 7,600 shares during the last quarter. Emancipation Management LLC lifted its stake in shares of Ooma by 6.7% in the 3rd quarter. Emancipation Management LLC now owns 171,892 shares of the technology company’s stock valued at $1,813,000 after purchasing an additional 10,832 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of Ooma in the 3rd quarter valued at $115,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Ooma by 94.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock valued at $193,000 after purchasing an additional 11,686 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

OOMA has been the subject of several analyst reports. ValuEngine cut Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Northland Securities restated a “buy” rating and issued a $10.75 target price on shares of Ooma in a report on Wednesday, October 4th. Finally, B. Riley restated a “buy” rating and issued a $13.00 target price on shares of Ooma in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Ooma has an average rating of “Hold” and an average price target of $12.67.

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Ooma Company Profile

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.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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