Jane Street Group LLC Raises Stock Position in Ooma, Inc. (NYSE:OOMA)

Jane Street Group LLC lifted its position in Ooma, Inc. (NYSE:OOMA) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,547 shares of the technology company’s stock after buying an additional 818 shares during the period. Jane Street Group LLC’s holdings in Ooma were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OOMA. Virtus Investment Advisers Inc. purchased a new stake in Ooma during the 3rd quarter worth approximately $98,000. SG Americas Securities LLC purchased a new stake in shares of Ooma in the 3rd quarter valued at $115,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma in the 2nd quarter valued at $119,000. Paloma Partners Management Co purchased a new stake in shares of Ooma in the 3rd quarter valued at $126,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Ooma in the 3rd quarter valued at $165,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

OOMA has been the subject of several analyst reports. B. Riley boosted 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 upped 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. Northland Securities upped their price objective on shares of Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Lake Street Capital upped their price objective 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. Finally, StockNews.com raised 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Ooma currently has a consensus rating of “Buy” and an average target price of $16.60.

Insider Activity at Ooma

In other news, Director William D. Pearce sold 3,700 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James A. Gustke sold 3,582 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 27,675 shares in the company, valued at approximately $470,475. This trade represents a 11.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,457 shares of company stock valued at $2,413,132. 9.76% of the stock is owned by company insiders.

Ooma Trading Down 2.0 %

Shares of OOMA opened at $13.93 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. 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 P/E ratio of -37.65 and a beta of 0.96.

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.