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

Barclays PLC grew its position in shares of Ooma, Inc. (NYSE:OOMA) by 32.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,964 shares of the technology company’s stock after buying an additional 24,402 shares during the quarter. Barclays PLC’s holdings in Ooma were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Ooma in the third quarter valued at about $185,000. Jane Street Group LLC increased its position in shares of Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after buying an additional 818 shares during the period. Virtus Investment Advisers Inc. purchased a new position in shares of Ooma during the 3rd quarter valued at $98,000. State Street Corp increased its stake in Ooma by 2.9% in the 3rd quarter. State Street Corp now owns 475,737 shares of the technology company’s stock worth $5,419,000 after acquiring an additional 13,240 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ooma by 0.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock worth $2,047,000 after purchasing an additional 1,364 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ooma Stock Down 2.0 %

Shares of NYSE OOMA opened at $14.26 on Monday. The firm has a fifty day simple moving average of $13.85 and a two-hundred day simple moving average of $11.35. The firm has a market capitalization of $385.02 million, a PE ratio of -38.54 and a beta of 0.94. 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.

Insiders Place Their Bets

In related news, Director Andrew H. Galligan sold 14,824 shares of the stock in a transaction dated 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 approximately $3,522,529.92. This represents a 5.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James A. Gustke sold 3,582 shares of Ooma stock in a transaction dated 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 transaction, the senior vice president now directly owns 27,675 shares of the company’s stock, valued at $470,475. This trade represents a 11.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,457 shares of company stock worth $2,413,132 over the last three months. Company insiders own 9.76% of the company’s stock.

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.