Ooma, Inc. (NYSE:OOMA) Shares Sold by Jane Street Group LLC
Jane Street Group LLC has reduced its stake in Ooma, Inc. (NYSE:OOMA) by 67.9% in Q4, now holding 13,035 shares valued at $183,000. Other institutional investors, including Vanguard Group and Renaissance Technologies, have increased their positions. Analysts have mixed ratings, with a consensus "Buy" and an average price target of $17.63. Ooma's stock opened at $13.25, with a market cap of $365.29 million. Insiders, including CAO Namrata Sabharwal, have also sold shares recently.
Jane Street Group LLC decreased its position in Ooma, Inc. (NYSE:OOMA - Free Report) by 67.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,035 shares of the technology company's stock after selling 27,512 shares during the quarter. Jane Street Group LLC's holdings in Ooma were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ooma by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company's stock worth $18,822,000 after acquiring an additional 71,247 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Ooma by 0.4% in the 4th quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company's stock valued at $11,615,000 after purchasing an additional 3,200 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ooma by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 554,211 shares of the technology company's stock valued at $7,794,000 after purchasing an additional 7,693 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Ooma by 284.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock valued at $3,557,000 after purchasing an additional 187,245 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ooma by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock valued at $3,223,000 after purchasing an additional 66,009 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Lake Street Capital decreased their price target on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Benchmark lifted their price target on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $17.63.
Check Out Our Latest Research Report on OOMA
Ooma Trading Up 0.6%
NYSE:OOMA opened at $13.25 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma, Inc. has a 1-year low of $7.83 and a 1-year high of $17.00. The firm has a market capitalization of $365.29 million, a price-to-earnings ratio of -35.82 and a beta of 1.22. The stock has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $13.77.
Insiders Place Their Bets
In other news, CAO Namrata Sabharwal sold 3,428 shares of Ooma stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $13.46, for a total transaction of $46,140.88. Following the completion of the sale, the chief accounting officer now directly owns 80,931 shares in the company, valued at $1,089,331.26. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.90% of the company's stock.
Ooma Company Profile
(Free Report)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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