What Did This CEO Just Do with Personal Shares of Ooma (OOMA)?


Yesterday, the CEO and Pres. of Ooma (NYSE: OOMA), Eric Stang, sold shares of OOMA for $300.9K.

Following Eric Stang’s last OOMA Sell transaction on September 29, 2015, the stock climbed by 9.4%.

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Based on Ooma’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $31.68 million and GAAP net loss of $3.9 million. In comparison, last year the company earned revenue of $28.19 million and had a GAAP net loss of $3.62 million. Currently, Ooma has an average volume of 103.5K. The Company has a Price to Book ratio of 8.9767.

The insider sentiment on Ooma has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Ooma, Inc. is a holding company, which provides communications solutions and other connected services to small business, home and mobile users. It hybrid SaaS platform, consisting of their proprietary cloud, on-premise appliances, mobile applications, and end-point devices, provides the connectivity and functionality that power its solutions.

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