Jane Street Group LLC Purchases 818 Shares of Ooma, Inc. (NYSE:OOMA)

Jane Street Group LLC increased its position in shares of Ooma, Inc. (NYSE:OOMA) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,547 shares of the technology company’s stock after purchasing an additional 818 shares during the period. Jane Street Group LLC owned 0.15% of Ooma worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Investment Advisers Inc. bought a new stake in shares of Ooma during the 3rd quarter valued at $98,000. SG Americas Securities LLC bought a new stake in shares of Ooma during the 3rd quarter valued at $115,000. Paloma Partners Management Co bought a new stake in shares of Ooma during the 3rd quarter valued at $126,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ooma during the 2nd quarter valued at $119,000. Finally, Gladius Capital Management LP purchased a new position in Ooma during the third quarter valued at $165,000. 80.42% of the stock is currently owned by institutional investors.

Insider Activity at Ooma

In other news, SVP James A. Gustke sold 3,582 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were 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 owns 27,675 shares in the company, valued at approximately $470,475. The trade was a 11.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William D. Pearce sold 3,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were 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 owns 163,353 shares of the company’s stock, valued at approximately $2,538,505.62. This represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,457 shares of company stock worth $2,413,132 in the last 90 days. 9.76% of the stock is owned by corporate insiders.

Ooma Price Performance

Ooma stock opened at $13.93 on Tuesday. Ooma, Inc. has a 12-month low of $6.50 and a 12-month high of $17.00. The firm has a 50-day moving average price of $14.08 and a 200-day moving average price of $11.60. The firm has a market capitalization of $376.11 million, a PE ratio of -37.65 and a beta of 0.96. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

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