Bard Associates Inc. Buys 6,328 Shares of Ooma, Inc. (NYSE:OOMA)

Bard Associates Inc. boosted its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,675 shares of the technology company’s stock after buying an additional 6,328 shares during the quarter. Bard Associates Inc. owned approximately 0.10% of Ooma worth $375,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Ooma by 0.9% during the third quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock valued at $6,226,000 after buying an additional 4,683 shares during the period. State Street Corp grew its position in Ooma by 2.9% during the third quarter. State Street Corp now owns 475,737 shares of the technology company’s stock valued at $5,419,000 after buying an additional 13,240 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Ooma by 0.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock valued at $2,047,000 after buying an additional 1,364 shares during the period. Perkins Capital Management Inc. grew its position in Ooma by 8.6% during the third quarter. Perkins Capital Management Inc. now owns 168,100 shares of the technology company’s stock valued at $1,915,000 after buying an additional 13,300 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Ooma by 69.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 163,212 shares of the technology company’s stock valued at $1,859,000 after buying an additional 66,678 shares during the period. 80.42% of the stock is currently owned by institutional investors.

Insider Transactions at Ooma

In other news, SVP James A. Gustke sold 3,582 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $17.00, for a total value of $60,894.00. Following the transaction, the senior vice president now owns 27,675 shares of the company’s stock, valued at approximately $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric B. Stang sold 61,580 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $15.10, for a total transaction of $929,858.00. Following the completion of the transaction, the chief executive officer now directly owns 1,245,665 shares in the company, valued at $18,809,541.50. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Ooma Stock Performance

OOMA opened at $13.86 on Tuesday. Ooma, Inc. has a 1-year low of $6.50 and a 1-year high of $17.00. The company has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $13.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. The firm has a market cap of $374.22 million, a P/E ratio of -37.46 and a beta of 0.96.

Analysts Set New Price Targets

Several analysts recently issued reports on OOMA shares. Northland Securities boosted their target price on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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 report on Monday, November 25th. Benchmark upped their price target 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. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Lake Street Capital upped 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. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $16.60.

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.