Domo, Inc. (NASDAQ:DOMO) CEO Acquires $502,450.00 in Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James purchased 77,300 shares of Domo stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $6.50 per share, with a total value of $502,450.00. Following the acquisition, the chief executive officer now directly owns 116,600 shares of the company’s stock, valued at $757,900. This trade represents a 196.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Domo Trading Down 7.3 %

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

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm 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.

Hedge Funds Weigh In On Domo

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Domo by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company’s stock worth $36,164,000 after acquiring an additional 36,029 shares during the period. Ameriprise Financial Inc. lifted its stake in Domo by 9.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock worth $23,278,000 after purchasing an additional 282,943 shares during the last quarter. RPD Fund Management LLC acquired a new stake in shares of Domo in the 4th quarter valued at $15,449,000. Geode Capital Management LLC increased its stake in shares of Domo by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 770,810 shares of the company’s stock valued at $5,458,000 after purchasing an additional 11,457 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Domo by 2.6% during the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after buying an additional 19,361 shares in the last quarter. 76.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DOMO. DA Davidson raised shares of Domo to a “hold” rating in a research report on Monday, March 10th. Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday, March 7th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of Domo in a research report on Thursday, March 20th. Morgan Stanley upped their target price on Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Finally, Lake Street Capital dropped their price target on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Five investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.42.

Domo Company 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.