Ooma Inc (OOMA) Files Form 4 Insider Selling : James A. Gustke Sells 2,000 Shares

Ooma Inc (OOMA): James A. Gustke , Vice President of Marketing of Ooma Inc sold 2,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $7.00 per share for a total value of $14,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, James A. Gustke (Vice President of Marketing) sold 4,000 shares at $6.63 per share price.On Sep 29, 2015, Eric B Stang (CEO) purchased 7,000 shares at $6.65 per share price.Also, On Sep 29, 2015, Ravi Narula (CFO) purchased 3,000 shares at $7.10 per share price.On Sep 29, 2015, Spencer D. Jackson (VP, General Counsel & Sec.) purchased 1,500 shares at $6.65 per share price.

Ooma Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Ooma Inc which led to swings in the share price. The shares opened for trading at $7.6 and hit $7.85 on the upside , eventually ending the session at $7.81, with a gain of 2.76% or 0.21 points. The heightened volatility saw the trading volume jump to 46,760 shares. The 52-week high of the share price is $12.44 and the company has a market cap of $134 M . The 52-week low of the share price is at $5.43.

Ooma Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ooma Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 15 from a previous price target of $17 . The Rating was issued on Mar 11, 2016.

Ooma Inc. is a provider of communications solutions and other connected services to small business home and mobile users. The Company’s hybrid software as a service (SaaS) platform consisting of its cloud on-premise appliances mobile applications and end-point devices provides the connectivity and functionality that powers its solutions. The Company’s products include Ooma Office for small businesses Business Promoter Ooma Telo for home Ooma end-point devices Ooma Premier Service for Telo and Talkatone Application. Business Promoter is a service that helps businesses generate new customer leads. The Company offers an international calling plan that allows users to make unlimited calls to 61 countries around the world. Calls can be made from the Ooma Telo or from the Ooma Mobile HD application. Users can have their voicemail messages converted into text and have it sent to the user via e-mail so they can read the content of the voicemail.

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