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.
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.
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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