Ooma, Inc. (NYSE:OOMA) Director Andrew H. Galligan Sells 14,824 Shares of Stock

Ooma, Inc. (NYSE:OOMA) Director Andrew H. Galligan sold 14,824 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total transaction of $215,837.44. Following the transaction, the director now directly owns 241,932 shares of the company’s stock, valued at $3,522,529.92. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ooma Trading Up 2.6 %

Shares of OOMA opened at $14.41 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08. The company has a market cap of $389.07 million, a price-to-earnings ratio of -38.94 and a beta of 0.94. The stock has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $11.07. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $17.00.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Northland Securities raised 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. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th. Benchmark boosted their target price on shares of Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Lake Street Capital increased their target price on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $16.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OOMA. Virtus Investment Advisers Inc. bought a new stake in shares of Ooma during the third quarter valued at approximately $98,000. SG Americas Securities LLC acquired a new position in Ooma during the 3rd quarter worth $115,000. Bailard Inc. bought a new position in Ooma in the 2nd quarter valued at $108,000. Paloma Partners Management Co acquired a new stake in shares of Ooma in the 3rd quarter valued at $126,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Ooma in the 2nd quarter valued at $119,000. 80.42% of the stock is owned by institutional investors.

Ooma Company Profile

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.