State Street Corp grew its stake in shares of Ooma, Inc. (NYSE:OOMA – Free Report) by 2.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 475,737 shares of the technology company’s stock after acquiring an additional 13,240 shares during the period. State Street Corp’s holdings in Ooma were worth $5,419,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Ooma in the third quarter worth about $115,000. Cubist Systematic Strategies LLC purchased a new position in shares of Ooma in the 2nd quarter worth about $119,000. Paloma Partners Management Co purchased a new position in shares of Ooma during the third quarter worth approximately $126,000. Gladius Capital Management LP purchased a new stake in Ooma during the third quarter valued at about $165,000. Finally, PDT Partners LLC bought a new stake in Ooma in the third quarter valued at approximately $170,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Ooma Stock Down 2.0 %
Shares of OOMA stock opened at $14.26 on Friday. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $17.00. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $11.33. The stock has a market cap of $385.02 million, a P/E ratio of -38.54 and a beta of 0.94.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Ooma
Insider Activity at Ooma
In related news, SVP James A. Gustke sold 3,582 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total value of $60,894.00. Following the completion of the sale, the senior vice president now directly owns 27,675 shares in the company, valued at $470,475. This trade represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Pearce sold 3,700 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $15.54, for a total transaction of $57,498.00. Following the completion of the sale, the director now directly owns 163,353 shares in the company, valued at $2,538,505.62. This trade represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,457 shares of company stock valued at $2,413,132. Insiders own 9.76% of the company’s stock.
Ooma 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.
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