Arrowstreet Capital Limited Partnership Acquires New Shares in Domo, Inc. (NASDAQ:DOMO)

Arrowstreet Capital Limited Partnership bought a new position in Domo, Inc. (NASDAQ:DOMO) during the 4th quarter, HoldingsChannel.com reports. The fund bought 138,436 shares of the company’s stock, valued at approximately $980,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Domo by 22.7% in the 4th quarter. JPMorgan Chase & Co. now owns 643,062 shares of the company’s stock valued at $4,553,000 after buying an additional 118,957 shares in the last quarter. FMR LLC grew its position in Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after acquiring an additional 51,494 shares in the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 36,029 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Domo during the 4th quarter valued at $217,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Domo in the 4th quarter valued at $210,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domo

In related news, Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the sale, the director now owns 255,743 shares of the company’s stock, valued at $2,125,224.33. The trade was a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joshua G. James purchased 77,300 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $6.50 per share, with a total value of $502,450.00. Following the transaction, the chief executive officer now directly owns 116,600 shares of the company’s stock, valued at approximately $757,900. This represents a 196.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Domo Price Performance

NASDAQ:DOMO opened at $8.22 on Friday. Domo, Inc. has a one year low of $6.01 and a one year high of $10.15. The company has a fifty day moving average price of $8.17 and a 200 day moving average price of $8.00. The stock has a market cap of $321.47 million, a P/E ratio of -3.75 and a beta of 2.28.

Domo (NASDAQ:DOMO) last released its earnings results 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 company had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, equities research analysts anticipate that Domo, Inc. will post -2.1 EPS for the current year.

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.