Globeflex Capital L P Boosts Holdings in Ooma, Inc. (NYSE:OOMA)

Globeflex Capital L P boosted its position in Ooma, Inc. (NYSE:OOMA) by 473.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,305 shares of the technology company’s stock after purchasing an additional 63,831 shares during the quarter. Globeflex Capital L P’s holdings in Ooma were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Ooma by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock worth $6,226,000 after purchasing an additional 4,683 shares in the last quarter. State Street Corp raised its position in shares of Ooma by 2.9% during the 3rd 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ooma by 40.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company’s stock valued at $3,223,000 after buying an additional 66,009 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Ooma by 0.8% during the 3rd 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 in the last quarter. Finally, Barclays PLC raised its position in shares of Ooma by 32.7% during the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after buying an additional 24,402 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Benchmark lifted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital decreased their target price on shares of Ooma from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Northland Securities lifted their target price 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. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. 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 report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ooma currently has a consensus rating of “Buy” and a consensus price target of $17.63.

Ooma Price Performance

Shares of Ooma stock opened at $13.57 on Friday. The firm has a market cap of $366.44 million, a PE ratio of -36.68 and a beta of 0.99. Ooma, Inc. has a 12-month low of $6.50 and a 12-month high of $17.00. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $14.35 and its two-hundred day simple moving average is $13.26.

Insiders Place Their Bets

In other news, Director Andrew H. Galligan sold 14,824 shares of Ooma 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 owns 241,932 shares of the company’s stock, valued at approximately $3,522,529.92. The trade was a 5.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.