Ooma SVP Hamamatsu sells $107,340 in shares
Shigeyuki Hamamatsu, Senior Vice President and Chief Financial Officer of Ooma Inc., sold 4,807 shares of the company's common stock on September 1, 2026. The transaction was executed under a 10b5-1 trading plan and amounted to $107,340. Separately, he disposed of 3,081 shares on the same date to cover withholding tax liabilities due to the vesting of restricted stock units, totaling $67,412.
Ooma's shares have shown strong performance, up nearly 80% over the past year, currently trading at $23.38 with a market capitalization of $619 million. The company's financial health is rated as GREAT, with analysts' price targets ranging between $24 and $30. Ooma reported fiscal second-quarter results that exceeded expectations, posting adjusted earnings of $0.35 per share on $83.2 million in revenue.
This growth was driven by the expansion of AirDial and acquisitions such as FluentStream and Phone.com. Freedom Broker raised its price target for Ooma shares to $24.00, maintaining a Buy rating.
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