OOMA CEO and Pres. Eric Stang Sells $143K of Stock

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 23.6%

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.

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.