Ooma Inc (NYSE:OOMA) CEO Eric B. Stang sold 5,000 shares of Ooma stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $15.00, for a total value of $75,000.00. Following the transaction, the chief executive officer now owns 327,500 shares of the company’s stock, valued at approximately $4,912,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
OOMA stock traded down $0.08 during mid-day trading on Thursday, hitting $14.77. 53,200 shares of the company were exchanged, compared to its average volume of 70,845. The company has a market capitalization of $325.36 million, a PE ratio of -21.41 and a beta of 0.88. Ooma Inc has a 1-year low of $9.00 and a 1-year high of $17.50.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 28th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $31.68 million during the quarter, compared to the consensus estimate of $30.88 million. Ooma had a negative net margin of 11.35% and a negative return on equity of 35.06%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. Research analysts forecast that Ooma Inc will post -0.75 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of OOMA. Engineers Gate Manager LP acquired a new stake in Ooma during the second quarter worth approximately $157,000. Bank of Montreal Can lifted its position in Ooma by 7,344.6% during the third quarter. Bank of Montreal Can now owns 9,678 shares of the technology company’s stock worth $160,000 after acquiring an additional 9,548 shares during the last quarter. Trexquant Investment LP acquired a new stake in Ooma during the second quarter worth approximately $173,000. Schwab Charles Investment Management Inc. lifted its position in Ooma by 29.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 37,100 shares of the technology company’s stock worth $405,000 after acquiring an additional 8,400 shares during the last quarter. Finally, Strs Ohio lifted its position in Ooma by 1,036.7% during the second quarter. Strs Ohio now owns 55,700 shares of the technology company’s stock worth $788,000 after acquiring an additional 50,800 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.
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