Domo (NASDAQ:DOMO) PT Lowered to $10.00

Domo (NASDAQ:DOMO) had its price objective decreased by TD Cowen from $11.50 to $10.00 in a report published on Tuesday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

Separately, DA Davidson reissued a neutral rating and issued a $10.00 price target on shares of Domo in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Domo has an average rating of Hold and a consensus price target of $14.80.

Domo Stock Down 2.6 %

Domo stock opened at $7.13 on Tuesday. The firm’s 50-day simple moving average is $8.14 and its 200 day simple moving average is $9.43. Domo has a 52 week low of $7.02 and a 52 week high of $18.19. The firm has a market capitalization of $271.15 million, a PE ratio of -3.40 and a beta of 2.35.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.05). The firm had revenue of $80.18 million for the quarter, compared to analyst estimates of $79.46 million. On average, research analysts expect that Domo will post -2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Domo news, CFO David R. Jolley sold 12,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the transaction, the chief financial officer now directly owns 215,543 shares in the company, valued at approximately $1,832,115.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $8.50, for a total transaction of $102,000.00. Following the completion of the transaction, the chief financial officer now owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daren Thayne sold 22,500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $9.04, for a total transaction of $203,400.00. Following the transaction, the executive vice president now owns 343,758 shares in the company, valued at $3,107,572.32. The disclosure for this sale can be found here. In the last three months, insiders sold 206,056 shares of company stock valued at $1,911,367. Company insiders own 14.04% of the company’s stock.

Institutional Trading of Domo

Institutional investors and hedge funds have recently bought and sold shares of the business. Invenomic Capital Management LP grew its stake in Domo by 42.1% during the first quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock worth $2,827,000 after buying an additional 93,858 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Domo by 0.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock valued at $5,606,000 after acquiring an additional 2,501 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Domo during the 1st quarter worth $45,000. Acadian Asset Management LLC increased its holdings in Domo by 43.8% in the 1st quarter. Acadian Asset Management LLC now owns 984,107 shares of the company’s stock valued at $8,775,000 after purchasing an additional 299,747 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Domo by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock valued at $43,050,000 after purchasing an additional 108,200 shares in the last quarter. Institutional investors and hedge funds 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.