The Boston Partners Acquires 234,994 Shares of Ooma Inc (OOMA)

The Boston Partners Acquires 234,994 Shares of Ooma Inc (OOMA)

Several other large investors also recently added to or reduced their stakes in the company. Granite Investment Partners LLC bought a new stake in Ooma during the first quarter valued at $1,697,000. Park West Asset Management LLC raised its stake in Ooma by 37.6% in the third quarter. Park West Asset Management LLC now owns 770,563 shares of the technology company’s stock valued at $6,997,000 after buying an additional 210,377 shares in the last quarter. Renaissance Technologies LLC raised its stake in Ooma by 35.6% in the fourth quarter. Renaissance Technologies LLC now owns 367,500 shares of the technology company’s stock valued at $3,308,000 after buying an additional 96,500 shares in the last quarter. Kavi Asset Management LP raised its stake in Ooma by 21.3% in the fourth quarter. Kavi Asset Management LP now owns 191,220 shares of the technology company’s stock valued at $1,721,000 after buying an additional 33,520 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Ooma during the fourth quarter valued at $113,000. 26.30% of the stock is owned by institutional investors and hedge funds.

Boston Partners increased its stake in Ooma Inc (NYSE:OOMA) by 45.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 753,800 shares of the technology company’s stock after buying an additional 234,994 shares during the period. Boston Partners owned 4.13% of Ooma worth $7,500,000 as of its most recent filing with the SEC.

Shares of Ooma Inc (NYSE:OOMA) opened at 8.30 on Monday. The stock has a 50 day moving average price of $11.19 and a 200 day moving average price of $9.96. Ooma Inc has a 12 month low of $7.67 and a 12 month high of $12.30. The firm’s market cap is $150.46 million.

Several analysts have recently commented on OOMA shares. Credit Suisse Group AG raised their target price on Ooma from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Bank of America Corp cut Ooma from a “buy” rating to an “underperform” rating in a research report on Wednesday, May 24th. ValuEngine cut Ooma from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. William Blair cut Ooma from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 24th. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.00 target price on shares of Ooma in a research report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Ooma has an average rating of “Hold” and an average price target of $12.75. In related news, major shareholder Equity I. L.L.C. Worldview sold 144,027 shares of the company’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $9.77, for a total value of $1,407,143.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James A. Gustke sold 6,000 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $9.78, for a total transaction of $58,680.00. The disclosure for this sale can be found here. 48.19% of the stock is owned by corporate insiders.

About Ooma Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OOMA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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