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

Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 4,090 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 175,056 shares of the company’s stock, valued at $2,102,422.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.

Shares of 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 P/E ratio of -16.46 and a beta of 1.37.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping 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 firm had revenue of $28.50 million during the quarter, compared to analysts’ expectations of $28.04 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts expect that Ooma Inc will post -0.7 EPS for the current fiscal year.

A number of research firms have recently commented on OOMA. ValuEngine cut Ooma from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Northland Securities restated a “buy” rating and issued a $10.75 price objective on shares of Ooma in a research report on Wednesday, October 4th. Finally, B. Riley restated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.67.

Institutional investors and hedge funds have recently modified their holdings of the stock. Menta Capital LLC grew its holdings in 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 buying an additional 7,123 shares in the last quarter. GSA Capital Partners LLP grew its holdings in 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 buying an additional 7,600 shares in the last quarter. Emancipation Management LLC grew its holdings in 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 buying an additional 10,832 shares in the last quarter. Wolverine Trading LLC purchased a new stake in Ooma in the 3rd quarter valued at $115,000. Finally, Parametric Portfolio Associates LLC grew its holdings in 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 buying an additional 11,686 shares in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

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About Ooma

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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