Daniel David Daniel III Buys 120,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III bought 120,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the completion of the acquisition, the director now owns 781,400 shares of the company’s stock, valued at $5,032,216. The trade was a 18.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Domo Trading Down 7.3 %

Shares of NASDAQ DOMO opened at $6.64 on Monday. The firm has a market cap of $259.68 million, a P/E ratio of -3.03 and a beta of 2.28. The business’s 50 day moving average is $8.24 and its 200-day moving average is $7.97. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson upgraded shares of Domo to a “hold” rating in a research note on Monday, March 10th. Lake Street Capital lowered their price target on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research report on Friday, March 7th. Cowen reaffirmed a “hold” rating on shares of Domo in a research report on Friday, March 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 target price on shares of Domo in a research note on Thursday, March 20th. Finally, Morgan Stanley increased their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Domo presently has a consensus rating of “Hold” and a consensus target price of $10.42.

Institutional Trading of Domo

Institutional investors have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo in the fourth quarter valued at approximately $47,000. R Squared Ltd bought a new position in Domo during the 4th quarter worth $56,000. Riggs Capital Management LLC acquired a new position in Domo in the 4th quarter valued at $85,000. XTX Topco Ltd bought a new stake in shares of Domo during the 3rd quarter valued at $97,000. Finally, SG Americas Securities LLC grew its holdings in shares of Domo by 19.1% during the 4th 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 in the last quarter. Institutional investors own 76.64% of the company’s stock.

About Domo

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.