Mitsubishi UFJ Asset Management Co. Ltd. Sells 4,838 Shares of Domo, Inc. (NASDAQ:DOMO)

Mitsubishi UFJ Asset Management Co. Ltd. cut its position in Domo, Inc. (NASDAQ:DOMO) by 34.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,099 shares of the company’s stock after selling 4,838 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Domo were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Domo in the fourth quarter valued at approximately $56,000. XTX Topco Ltd acquired a new stake in shares of Domo during the 3rd quarter worth $97,000. SG Americas Securities LLC increased its position in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after purchasing an additional 2,247 shares during the period. Intech Investment Management LLC acquired a new position in Domo in the fourth quarter valued at about $103,000. Finally, Raymond James Financial Inc. bought a new stake in Domo during the fourth quarter worth about $173,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Daniel David Daniel III purchased 120,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $6.44 per share, with a total value of $772,800.00. Following the completion of the purchase, the director now owns 781,400 shares in the company, valued at approximately $5,032,216. This represents a 18.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares in the company, valued at approximately $2,125,224.33. This represents a 8.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.

Domo Stock Down 7.3 %

Shares of DOMO opened at $6.64 on Friday. The stock has a market cap of $259.68 million, a PE ratio of -3.03 and a beta of 2.28. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $10.15. The business has a 50-day simple moving average of $8.24 and a two-hundred day simple moving average of $7.96.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. On average, equities research analysts expect that Domo, Inc. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on DOMO. DA Davidson raised shares of Domo to a “hold” rating in a report on Monday, March 10th. Lake Street Capital lowered their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research report on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Domo in a report on Thursday, March 20th. Cowen reissued a “hold” rating on shares of Domo in a report on Friday, March 7th. Finally, Morgan Stanley raised their price objective on Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Domo presently has a consensus rating of “Hold” and an average target price of $10.42.

Domo Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.