Ooma CEO Eric Stang Sells 27,666 Shares

Eric Stang, CEO and President of Ooma, Inc., sold 27,666 shares of the company on June 24, 2026. The shares were sold at an average price of $18.5 each, resulting in a total transaction value of $511,821. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Ooma, Inc.

In addition to Eric Stang's transaction, several other insiders at Ooma engaged in selling activity. On June 24, 2026, Russell Mann sold 20,000 shares at approximately $18.35 each. Earlier, on June 15, 2026, Namrata Sabharwal, Chief Accounting Officer, and Jenny Yeh, SVP & Chief Legal Officer, sold 415 and 1,647 shares, respectively, at $17.15 each. Eric Stang also sold an additional 8,317 shares on the same day, and CFO Shigeyuki Hamamatsu sold 2,971 shares.

Other Institutional Activity in Ooma

BlackRock, Inc. slightly reduced its stake in Ooma by 3,444 shares, leaving it with 3,747,622 shares valued at about $54.53 million. Vanguard Capital Management LLC opened a new position, acquiring 1,090,539 shares worth approximately $15.87 million. Acadian Asset Management LLC added 735 shares, now holding 1,046,329 shares valued at $15.21 million. Trigran Investments, Inc. significantly cut its position by 1,024,797 shares, ending with 923,264 shares worth $13.43 million. Meanwhile, Renaissance Technologies LLC increased its holdings by 99,100 shares to a total of 912,203, valued at $13.27 million.

Ooma, Inc. Stock Down 19.5%

Shares of Ooma, Inc. (NYSE:OOMA) traded near $17.55 on Saturday. The company has a market capitalization of approximately $482.2 million. Its P/E ratio stands at 53.18, and it has a forward P/E of 11.74. Ooma's beta is 1.223, indicating a slightly higher volatility compared to the market. The stock's 52-week range spans from $9.79 to $21.96, with a 50-day moving average of $17.55 and a 200-day moving average of $13.52. Ooma's current ratio is 0.94, and its quick ratio is 0.412, with a debt-to-equity ratio of 70.82.

Analysts Set New Price Targets

On May 27, 2026, Lake Street maintained its 'buy' rating for Ooma, setting a price target of $23. Similarly, Benchmark reaffirmed its 'buy' rating with a target of $24. The consensus among analysts is a 'buy' rating, with an average target price of $23 based on five analyst opinions.

About Ooma

Ooma, Inc. provides communication services and related technologies for both businesses and consumers in the U.S. and Canada. Headquartered in Sunnyvale, California, the company offers a range of products including Ooma Office and Ooma Enterprise, both cloud-based communication solutions. Ooma also provides residential phone services through products like Ooma Telo and Ooma Telo Air. The company was founded in 2003 and is led by CEO Eric B. Stang, employing approximately 1,420 people.

Bottom Line

Eric Stang's recent sale of Ooma shares highlights ongoing insider activity at the company. Investors often track insider transactions for insights, but it's important to note that such sales don't necessarily indicate a bearish outlook. Ooma's stock remains under analyst scrutiny, with recent 'buy' ratings and price targets suggesting confidence in its future performance. However, as these transactions are reported after the fact, they may not reflect the current position or sentiment of the insiders.