Ooma CEO Eric Stang Sells Shares, Analysts Remain Positive
Eric Stang, CEO of Ooma, sold 8,317 shares as analysts maintain a bullish stance.
Key Points
- Eric Stang, CEO of Ooma, Inc., sold 8,317 shares on June 15, 2026, at an average price of $17.15, totaling $142,636.55.
- Ooma, Inc. trades on the NYSE with a market cap of about $482 million and a P/E ratio of 53.18.
- Analysts from Lake Street and Benchmark maintain 'buy' ratings with price targets of $23 and $24, respectively.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Eric Stang, the CEO and President of Ooma, Inc. (NYSE: OOMA), sold 8,317 shares of the company on June 15, 2026. The shares were sold at an average price of $17.15, amounting to a total value of $142,636.55. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Ooma, Inc.
Alongside Eric Stang's sale, other insiders at Ooma also sold shares on the same date. Namrata Sabharwal, the Chief Accounting Officer, sold 415 shares, and Jenny Yeh, the SVP & Chief Legal Officer, sold 1,647 shares. Shigeyuki Hamamatsu, the Chief Financial Officer, sold 2,971 shares, all at the same average price of $17.15. These transactions were not planned sales.
Other Institutional Activity in Ooma, Inc.
In recent institutional activity, BlackRock, Inc. slightly reduced its stake by 3,444 shares, holding a total of 3,747,622 shares valued at about $54.5 million. Vanguard Capital Management LLC initiated a new position with 1,090,539 shares worth approximately $15.9 million. Renaissance Technologies LLC increased its holdings by 99,100 shares, now owning 912,203 shares valued at around $13.3 million.
Ooma, Inc. Stock Down 24.2%
Shares of Ooma, Inc. are trading around $17.36. The company has a market capitalization of approximately $482 million and a P/E ratio of 53.18, with a forward P/E of 11.74. Its beta is 1.223, indicating moderate volatility. The stock's 52-week range is between $9.79 and $21.96, with a 50-day moving average of $16.97 and a 200-day moving average of $13.31.
$OOMA stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 27, 2026, Lake Street maintained its 'buy' rating on Ooma, setting a price target of $23. Benchmark also maintained a 'buy' rating with a slightly higher target of $24. The consensus among analysts is positive, with an average target price of $23 based on five opinions.
About Ooma, Inc.
Ooma, Inc. is a technology company based in Sunnyvale, California, providing communications services and technologies. It serves both businesses and consumers in the U.S. and Canada. The company offers a range of products, including Ooma Office for small businesses and Ooma Enterprise for larger organizations. Ooma's services include residential phone services, mobile apps, and unified communications solutions.
Bottom Line
Eric Stang's recent share sale at Ooma highlights the company's ongoing insider activity. Despite these sales, analysts remain optimistic about Ooma's future, maintaining 'buy' ratings with robust price targets. Investors often track such insider transactions for insights, but it's important to remember that these are historical filings and may not reflect current positions.
Get Ooma, Inc. alerts
New 13F filings, insider trades, and analyst moves on $OOMA, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.