Ooma, Inc. (NYSE:OOMA - Get Free Report) Director Andrew H. Galligan sold 14,824 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total transaction of $215,837.44. Following the sale, the director now directly owns 241,932 shares in the company, valued at $3,522,529.92. The trade was a 5.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Ooma stock traded up $0.36 during trading on Thursday, hitting $14.41. The company's stock had a trading volume of 285,823 shares, compared to its average volume of 108,666. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $17.00. The company has a market capitalization of $389.07 million, a PE ratio of -38.94 and a beta of 0.94. The company has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $11.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08.
Several research firms recently commented on OOMA. B. Riley boosted their target price on Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a research report on Monday, November 25th. Northland Securities boosted their price target on shares of Ooma from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. JMP Securities reaffirmed a "market perform" rating on shares of Ooma in a report on Wednesday, August 28th. StockNews.com upgraded Ooma from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Finally, Lake Street Capital increased their price objective on Ooma from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $16.60.
Get Our Latest Stock Report on OOMA
A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in shares of Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company's stock valued at $462,000 after buying an additional 818 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ooma by 0.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company's stock valued at $2,047,000 after acquiring an additional 1,364 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ooma by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company's stock worth $807,000 after acquiring an additional 3,138 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ooma by 0.9% during the third quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company's stock valued at $6,226,000 after purchasing an additional 4,683 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Ooma by 17.1% during the second quarter. Rhumbline Advisers now owns 37,636 shares of the technology company's stock valued at $374,000 after purchasing an additional 5,494 shares during the period. 80.42% of the stock is owned by institutional investors.
Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.
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