CFO Hamamatsu Shigeyuki sold 35,313 shares of OOMA at $15.51 on 2024-12-10, reducing stake by 17.6% to 165,301 shares
Hamamatsu, as CFO, sold 35,313 shares (35.3K shares) for $547,686.97 ($547.7K), reducing his holdings from 200,614 shares (200.6K shares) to 165,301 shares (165.3K shares)—a net reduction of 17.6%. The sale occurred at $15.51, near the 52-week high of $16.04, while the stock currently trades at $15.14. OOMA generated revenue of $65,127,000.00 ($65.1M) in the latest quarter with net income of $-2,364,000.00 ($-2.4M), and the company remains unprofitable on a full-year basis despite 9.5% annual revenue growth. This sale by the top finance officer reduces his direct stake while the company operates at a loss, though the timing near the 52-week high and recent 30-day appreciation of 12.1% provides context for the execution price.