Ravi Narula Sells 3,535 Shares of Ooma Inc (OOMA) Stock

Ooma Inc (NYSE:OOMA) CFO Ravi Narula sold 3,535 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $12.00, for a total value of $42,420.00. Following the completion of the transaction, the chief financial officer now owns 217,522 shares in the company, valued at approximately $2,610,264. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ravi Narula also recently made the following trade(s):

  • 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.

Ooma Inc (NYSE:OOMA) traded up $0.50 during trading hours on Thursday, reaching $11.70. The company had a trading volume of 107,900 shares, compared to its average volume of 139,001. Ooma Inc has a 12-month low of $7.30 and a 12-month high of $12.30.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $28.04 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. analysts expect that Ooma Inc will post -0.69 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on OOMA shares. Northland Securities reiterated a “buy” rating and issued a $13.00 target price on shares of Ooma in a report on Friday, December 1st. B. Riley restated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a report on Wednesday, November 29th. Two investment 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’s stock. Ooma has an average rating of “Hold” and an average price target of $12.67.

A number of large investors have recently added to or reduced their stakes in OOMA. HCSF Management LLC acquired a new position in Ooma in the second quarter worth approximately $2,938,000. AWM Investment Company Inc. increased its holdings in Ooma by 20.7% in the second quarter. AWM Investment Company Inc. now owns 1,343,950 shares of the technology company’s stock worth $10,752,000 after buying an additional 230,872 shares during the last quarter. State Street Corp boosted its position in Ooma by 1,184.9% during the second quarter. State Street Corp now owns 188,879 shares of the technology company’s stock worth $1,511,000 after purchasing an additional 174,179 shares during the period. Northern Trust Corp boosted its position in Ooma by 658.1% during the second quarter. Northern Trust Corp now owns 188,546 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 163,676 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Ooma by 33.8% during the third quarter. Russell Investments Group Ltd. now owns 509,439 shares of the technology company’s stock worth $5,374,000 after purchasing an additional 128,583 shares during the period. Hedge funds and other institutional investors own 72.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/21/ravi-narula-sells-3535-shares-of-ooma-inc-ooma-stock.html.

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)

What are top analysts saying about Ooma? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ooma and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit