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.
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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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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