Barclays PLC Has $1.13 Million Position in Ooma, Inc. (NYSE:OOMA)

Barclays PLC boosted its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 32.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,964 shares of the technology company’s stock after buying an additional 24,402 shares during the period. Barclays PLC owned approximately 0.37% of Ooma worth $1,128,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Virtus Investment Advisers Inc. bought a new position in shares of Ooma during the third quarter valued at about $98,000. SG Americas Securities LLC bought a new position in shares of Ooma during the 3rd quarter worth approximately $115,000. Cubist Systematic Strategies LLC bought a new position in shares of Ooma during the 2nd quarter worth approximately $119,000. Paloma Partners Management Co purchased a new position in shares of Ooma in the 3rd quarter worth approximately $126,000. Finally, Gladius Capital Management LP bought a new position in shares of Ooma in the third quarter valued at approximately $165,000. 80.42% of the stock is owned by institutional investors.

Ooma Stock Down 0.3 %

NYSE:OOMA opened at $13.61 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.83. The firm’s 50-day moving average price is $14.20 and its 200-day moving average price is $11.73. The company has a market capitalization of $367.47 million, a PE ratio of -36.78 and a beta of 0.96. Ooma, Inc. has a 1-year low of $6.50 and a 1-year high of $17.00.

Insider Buying and Selling

In other Ooma news, CEO Eric B. Stang sold 61,580 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $15.10, for a total transaction of $929,858.00. Following the completion of the sale, the chief executive officer now directly owns 1,245,665 shares in the company, valued at approximately $18,809,541.50. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew H. Galligan sold 14,824 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total transaction of $215,837.44. Following the sale, the director now directly owns 241,932 shares of the company’s stock, valued at $3,522,529.92. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,457 shares of company stock valued at $2,413,132 over the last quarter. Corporate insiders own 9.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ooma Company 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.