14,488 Shares in Ooma, Inc. (NYSE:OOMA) Purchased by Gladius Capital Management LP

Gladius Capital Management LP bought a new stake in Ooma, Inc. (NYSE:OOMA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,488 shares of the technology company’s stock, valued at approximately $165,000. Gladius Capital Management LP owned approximately 0.05% of Ooma as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of OOMA. BNP Paribas Financial Markets lifted its position in shares of Ooma by 31.8% in the first quarter. BNP Paribas Financial Markets now owns 56,196 shares of the technology company’s stock worth $479,000 after purchasing an additional 13,543 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Ooma by 37.4% during the 1st quarter. Russell Investments Group Ltd. now owns 579,342 shares of the technology company’s stock worth $4,942,000 after buying an additional 157,569 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Ooma in the 1st quarter valued at about $130,000. Vanguard Group Inc. increased its position in shares of Ooma by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after acquiring an additional 68,430 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Ooma by 52.7% during the first quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock worth $53,000 after acquiring an additional 2,138 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Ooma Stock Up 0.1 %

Shares of OOMA stock opened at $13.39 on Friday. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $13.85. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average is $11.91 and its 200-day moving average is $9.94.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $64.13 million during the quarter, compared to analysts’ expectations of $62.72 million. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. As a group, equities research analysts forecast that Ooma, Inc. will post -0.1 EPS for the current fiscal year.

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.