Menta Capital LLC Sells 10,735 Shares of Ooma Inc (OOMA)

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Menta Capital LLC cut its holdings in shares of Ooma Inc (NYSE:OOMA) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,285 shares of the technology company’s stock after selling 10,735 shares during the period. Menta Capital LLC owned 0.17% of Ooma worth $476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Ooma by 27.0% during the third quarter. BlackRock Inc. now owns 1,592,897 shares of the technology company’s stock valued at $26,443,000 after acquiring an additional 339,080 shares during the last quarter. Renaissance Technologies LLC lifted its position in Ooma by 7.8% during the third quarter. Renaissance Technologies LLC now owns 1,111,303 shares of the technology company’s stock valued at $18,448,000 after acquiring an additional 80,703 shares during the last quarter. Vanguard Group Inc. lifted its position in Ooma by 1.3% during the third quarter. Vanguard Group Inc. now owns 794,173 shares of the technology company’s stock valued at $13,184,000 after acquiring an additional 10,313 shares during the last quarter. Vanguard Group Inc lifted its position in Ooma by 1.3% during the third quarter. Vanguard Group Inc now owns 794,173 shares of the technology company’s stock valued at $13,184,000 after acquiring an additional 10,313 shares during the last quarter. Finally, Boston Partners lifted its position in Ooma by 30.6% during the fourth quarter. Boston Partners now owns 570,499 shares of the technology company’s stock valued at $7,919,000 after acquiring an additional 133,619 shares during the last quarter. Hedge funds and other institutional investors own 77.24% of the company’s stock.

NYSE OOMA opened at $15.41 on Friday. The firm has a market capitalization of $309.74 million, a price-to-earnings ratio of -22.33 and a beta of 0.97. Ooma Inc has a 12-month low of $10.20 and a 12-month high of $17.50.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, March 5th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. Ooma had a negative net margin of 11.28% and a negative return on equity of 38.78%. As a group, sell-side analysts expect that Ooma Inc will post -0.82 EPS for the current year.

In other Ooma news, VP James A. Gustke sold 5,500 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $15.13, for a total value of $83,215.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric B. Stang sold 11,548 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $15.12, for a total transaction of $174,605.76. Following the completion of the transaction, the chief executive officer now directly owns 292,500 shares of the company’s stock, valued at approximately $4,422,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,548 shares of company stock valued at $333,776. Corporate insiders own 10.47% of the company’s stock.

A number of equities research analysts recently commented on OOMA shares. Zacks Investment Research cut shares of Ooma from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. B. Riley increased their target price on shares of Ooma from $20.00 to $20.50 and gave the company a “buy” rating in a research report on Wednesday, March 6th. William Blair raised shares of Ooma from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 28th. JMP Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Ooma in a report on Wednesday, March 6th. Finally, ValuEngine cut shares of Ooma from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Ooma has an average rating of “Buy” and a consensus price target of $17.63.

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About Ooma

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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Institutional Ownership by Quarter for Ooma (NYSE:OOMA)

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