MetLife Investment Management LLC Has $126,000 Holdings in Domo, Inc. (NASDAQ:DOMO)

MetLife Investment Management LLC lessened its holdings in shares of Domo, Inc. (NASDAQ:DOMO) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,765 shares of the company’s stock after selling 3,550 shares during the quarter. MetLife Investment Management LLC’s holdings in Domo were worth $126,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in Domo during the fourth quarter valued at approximately $47,000. R Squared Ltd purchased a new stake in Domo in the 4th quarter worth approximately $56,000. Riggs Capital Management LLC acquired a new stake in shares of Domo during the 4th quarter valued at $85,000. 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 valued at $99,000 after acquiring an additional 2,247 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Domo in the fourth quarter worth $103,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Stock Performance

DOMO opened at $8.19 on Friday. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $10.15. The business has a 50 day moving average price of $7.83 and a 200 day moving average price of $8.00. The firm has a market cap of $327.11 million, a P/E ratio of -3.74 and a beta of 1.67.

Domo (NASDAQ:DOMO) last posted 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 company had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DOMO has been the subject of a number of research reports. Lake Street Capital reduced their price objective on 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 reissued an “overweight” rating and issued a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. Cowen restated a “hold” rating on shares of Domo in a report on Friday, March 7th. DA Davidson upgraded shares of Domo to a “hold” rating in a research note on Monday, March 10th. Finally, Morgan Stanley dropped their price target on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Domo currently has a consensus rating of “Hold” and an average target price of $10.25.

Insider Activity

In other Domo news, Director David R. Jolley sold 25,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the sale, the director now directly owns 255,743 shares of the company’s stock, valued at $2,125,224.33. This represents a 8.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel David Daniel III acquired 120,000 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the acquisition, the director now owns 781,400 shares in the company, valued at approximately $5,032,216. This trade represents a 18.14 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by company insiders.

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.