Daniel David Daniel III Buys 150,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III bought 150,000 shares of Domo stock in a transaction dated Tuesday, June 18th. The stock was acquired at an average price of $6.69 per share, with a total value of $1,003,500.00. Following the completion of the transaction, the director now directly owns 411,400 shares of the company’s stock, valued at $2,752,266. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daniel David Daniel III also recently made the following trade(s):

• On Thursday, June 20th, Daniel David Daniel III acquired 150,000 shares of Domo stock. The shares were acquired at an average cost of $6.87 per share, with a total value of $1,030,500.00.

Domo Price Performance

DOMO opened at $7.39 on Wednesday. The stock has a market capitalization of $282.08 million, a price-to-earnings ratio of -3.52 and a beta of 2.33. The business has a fifty day moving average price of $7.16 and a 200 day moving average price of $9.04. Domo, Inc. has a 12 month low of $6.11 and a 12 month high of $18.19.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, May 23rd. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The company had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. On average, research analysts anticipate that Domo, Inc. will post -2.4 earnings per share for the current year.

Institutional Investors Weigh In On Domo

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Domo by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock worth $43,050,000 after acquiring an additional 108,200 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Domo by 43.8% during the first quarter. Acadian Asset Management LLC now owns 984,107 shares of the company’s stock worth $8,775,000 after purchasing an additional 299,747 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 worth $5,606,000 after buying an additional 2,501 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Domo by 42.1% in the 1st quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock valued at $2,827,000 after buying an additional 93,858 shares in the last quarter. Finally, B. Riley Asset Management LLC purchased a new position in shares of Domo in the 3rd quarter valued at $2,517,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on DOMO shares. Lake Street Capital downgraded Domo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $8.00 in a research report on Friday, May 24th. Morgan Stanley reduced their target price on Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. TD Cowen lowered their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. DA Davidson restated a “neutral” rating and issued a $10.00 price objective on shares of Domo in a report on Thursday, March 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Thursday, June 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.20.

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.