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OOMA Director Andrew Galligan Sells 12,407 Shares at $12.43 on June 23, 2025.
ByAinvest
Tuesday, Jun 24, 2025 6:17 pm ET1min read
Ooma, Inc. (OOMA) has announced that Director Andrew H. Galligan has sold 12,407 shares at a price of $12.43 per share on June 23, 2025.
Ooma, Inc. (OOMA), a provider of cloud-based phone systems, has seen a significant transaction involving its shares. Director Andrew H. Galligan sold 12,407 shares of the company on June 23, 2025, at a price of $12.43 per share [2].The transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC), which is a requirement for insiders to disclose their transactions in the company's securities. The filing indicates that Galligan, who owns 10% of the company, sold his shares directly, which is a significant move given his ownership stake and position within the company.
The sale comes at a time when the company's stock price has been relatively stable, with no immediate significant news or announcements that could have prompted the sale. The exact reason behind the sale is not specified in the filing, but it could be attributed to various factors such as personal financial needs, diversification of investment portfolio, or strategic decisions by the company's board.
For investors, this transaction provides insight into the current market sentiment and the potential impact on the company's stock price. However, it is important to note that insider sales can sometimes be a signal of future market movements, but they should not be the sole basis for investment decisions.
The stock market is dynamic, and such transactions are part of the normal ebb and flow of trading activities. Investors should continue to monitor the company's financial health, management decisions, and overall market conditions to make informed investment choices.
References:
[1] https://www.investing.com/news/stock-market-news/qxo-stock-falls-after-announcing-2-billion-share-offering-93CH-4109316
[2] https://www.streetinsider.com/SEC+Filings/Form+4+OOMA+INC+For%3A+Jun+23+Filed+by%3A+Galligan+Andrew+H/24972575.html
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