Intel stock spikes after report of possible US government stake
SUNNYVALE, CA—Eric B. Stang, CEO and President of Ooma Inc . (NYSE:OOMA), recently sold 10,727 shares of the company’s common stock. The shares were sold at an average price of approximately $12.978, resulting in a total transaction value of $139,215. This sale occurred on June 10, 2025, as documented in a recent SEC filing. The transaction comes as Ooma, currently valued at $358 million, trades near $12.93, with InvestingPro analysis indicating the stock is undervalued based on its Fair Value estimate.
In addition to this transaction, Stang also disposed of 8,185 shares on June 8, 2025, to cover withholding tax liabilities related to the vesting of restricted stock units. These shares were valued at $13.24 each, amounting to a total of $108,369.
Following these transactions, Stang’s direct ownership stands at 731,106 shares, while indirect ownership, through the Eric Stang & Pamela Stang Family Trust, totals 1,236,997 shares.
In other recent news, Ooma Inc. reported its first-quarter fiscal 2026 results, showcasing a non-GAAP earnings per share (EPS) of $0.20, which exceeded the consensus estimate of $0.18. Revenue for the quarter was $65 million, slightly below the forecasted $65.6 million but still reflecting a 4% year-over-year growth. The company’s adjusted EBITDA also surpassed expectations, coming in at $6.7 million against a forecast of $6.2 million. Citizens JMP analysts maintained a Market Perform rating on Ooma, while Benchmark analyst Matthew Harrigan reiterated a Buy rating with a $20 price target, highlighting positive developments such as Comcast (NASDAQ:CMCSA)’s reselling of Ooma’s AirDial product.
Ooma’s strategic expansion of its equity incentive and employee stock purchase plans was approved by shareholders, increasing the authorized shares under these plans significantly. This move aims to align employee and shareholder interests, fostering a culture of ownership. The company’s annualized exit recurring revenue reached $234 million, with a net dollar subscription retention rate improving to 99%. Additionally, Ooma’s AirDial product saw growing adoption, with over 30 new resellers and supporters, as well as strategic partnerships in the telecommunications sector. These developments illustrate Ooma’s ongoing efforts to enhance shareholder value and capitalize on market opportunities.
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