Ooma director Susan Butenhoff sells $198,225 Ooma shares

Ooma Inc. (NASDAQ: OOMA) director Susan Butenhoff divested 9,000 shares of the company's common stock on September 22, 2026. The shares were traded at $22.025 apiece, generating a total transaction value of $198,225. Ooma's stock has exhibited a robust 76% return over the past year and is presently trading at $21.92, marginally below the transaction price.

Post this transaction, Ms. Butenhoff retains a direct ownership of 109,483 shares of Ooma common stock. According to market analysts, 6 experts have recently revised their earnings forecasts upwards for the forthcoming period, indicating the stock is slightly undervalued based on Fair Value estimates. The announcement of this transaction was submitted on September 24, 2026.

Meanwhile, Ooma disclosed impressive fiscal second-quarter results, exceeding Wall Street expectations with adjusted earnings of 35 cents per share on $83.2 million in revenue. These figures exceeded analysts' projections of 33 cents per share and $81.72 million in revenue. The company's growth can be attributed to its business segment, primarily driven by Ooma Business, which witnessed significant revenue increases due to the expansion of AirDial and the impact of recent acquisitions FluentStream and Phone.com.

Following these stellar results, Freedom Broker upgraded its price target for Ooma shares from $20.00 to $24.00, maintaining a Buy rating. The firm emphasized Ooma's strong performance in revenue, adjusted EBITDA, and earnings per share as the primary factors behind this upgrade. Furthermore, Ooma's positive earnings report has resulted in an enhanced full-year outlook, underscoring the company's solid position in the market and its ongoing expansion in business services.