Renaissance Technologies LLC boosted its holdings in shares of Ooma, Inc. (NYSE:OOMA – Get Rating) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,030,803 shares of the technology company's stock after acquiring an additional 58,500 shares during the period. Renaissance Technologies LLC owned approximately 4.24% of Ooma worth $12,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Ooma by 3.2% during the first quarter. Bank of America Corp DE now owns 42,837 shares of the technology company's stock worth $641,000 after acquiring an additional 1,325 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Ooma by 5.7% in the second quarter. Rhumbline Advisers now owns 26,396 shares of the technology company's stock valued at $313,000 after purchasing an additional 1,428 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Ooma by 43.6% in the second quarter. Lazard Asset Management LLC now owns 6,375 shares of the technology company's stock valued at $75,000 after purchasing an additional 1,936 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ooma by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 112,250 shares of the technology company's stock valued at $1,682,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Ooma in the first quarter valued at about $48,000. 80.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on OOMA. Benchmark boosted their price target on Ooma to $24.00 in a report on Friday, December 2nd. StockNews.com upgraded Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday.

Ooma Stock Performance

Ooma Profile

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Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Office Pro, which offers various services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution.

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