Barclays PLC Buys 24,402 Shares of Ooma, Inc. (NYSE:OOMA)

Barclays PLC increased its position in shares of Ooma, Inc. (NYSE:OOMA) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,964 shares of the technology company’s stock after acquiring an additional 24,402 shares during the quarter. Barclays PLC owned about 0.37% of Ooma worth $1,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OOMA. Virtus Investment Advisers Inc. acquired a new position in Ooma in the third quarter valued at about $98,000. SG Americas Securities LLC bought a new position in shares of Ooma during the 3rd quarter valued at about $115,000. Cubist Systematic Strategies LLC acquired a new position in shares of Ooma in the 2nd quarter valued at approximately $119,000. Paloma Partners Management Co bought a new stake in Ooma during the 3rd quarter worth approximately $126,000. Finally, Gladius Capital Management LP bought a new position in Ooma in the third quarter valued at approximately $165,000. Institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

OOMA has been the topic of several recent research reports. B. Riley lifted their price target on Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research note on Monday, November 25th. Northland Securities lifted their target price on Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Lake Street Capital upped their price target on Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Benchmark raised their price target on Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ooma presently has a consensus rating of “Buy” and an average target price of $16.60.

Ooma Stock Performance

Shares of Ooma stock opened at $14.26 on Monday. Ooma, Inc. has a 1-year low of $6.50 and a 1-year high of $17.00. The company has a market cap of $385.02 million, a PE ratio of -38.54 and a beta of 0.94. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $13.85 and a 200-day moving average of $11.35.

Insider Buying and Selling at Ooma

In other news, SVP James A. Gustke sold 3,582 shares of Ooma stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $17.00, for a total transaction of $60,894.00. Following the transaction, the senior vice president now owns 27,675 shares in the company, valued at approximately $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric B. Stang sold 61,580 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $15.10, for a total transaction of $929,858.00. Following the sale, the chief executive officer now directly owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,457 shares of company stock valued at $2,413,132. 9.76% of the stock is currently owned by corporate insiders.

About Ooma

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.