JPMorgan Chase & Co. Has $6.80 Million Stock Holdings in Ooma, Inc. (NYSE:OOMA)

JPMorgan Chase & Co. lowered its position in Ooma, Inc. (NYSE:OOMAFree Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 596,602 shares of the technology company’s stock after selling 23,884 shares during the quarter. JPMorgan Chase & Co. owned 2.21% of Ooma worth $6,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in Ooma in the 3rd quarter valued at approximately $197,000. Barclays PLC grew its stake in shares of Ooma by 32.7% in the third quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock worth $1,128,000 after purchasing an additional 24,402 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ooma by 0.9% in the third quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock valued at $6,226,000 after purchasing an additional 4,683 shares during the period. XTX Topco Ltd bought a new position in Ooma during the 3rd quarter worth $185,000. Finally, Jane Street Group LLC lifted its holdings in Ooma by 2.1% during the 3rd quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock worth $462,000 after buying an additional 818 shares during the period. Institutional investors own 80.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on OOMA

Ooma Price Performance

Ooma stock opened at $14.11 on Thursday. The stock’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $11.80. The stock has a market capitalization of $380.97 million, a price-to-earnings ratio of -38.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $17.00.

Insider Buying and Selling

In other news, SVP James A. Gustke sold 3,582 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total transaction of $60,894.00. Following the completion of the sale, the senior vice president now owns 27,675 shares in the company, valued at $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew H. Galligan sold 14,824 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total value of $215,837.44. Following the transaction, the director now directly owns 241,932 shares in the company, valued at $3,522,529.92. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,457 shares of company stock valued at $2,413,132 over the last ninety days. 9.76% of the stock is owned by corporate insiders.

Ooma 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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Institutional Ownership by Quarter for Ooma (NYSE:OOMA)

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