Insider Buying: Domo, Inc. (NASDAQ:DOMO) Director Buys $1,030,500.00 in Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III purchased 150,000 shares of Domo stock in a transaction on Thursday, June 20th. The stock was bought at an average price of $6.87 per share, for a total transaction of $1,030,500.00. Following the transaction, the director now directly owns 561,400 shares in the company, valued at approximately $3,856,818. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, June 18th, Daniel David Daniel III acquired 150,000 shares of Domo stock. The stock was bought at an average cost of $6.69 per share, for a total transaction of $1,003,500.00.

Domo Stock Performance

DOMO stock opened at $7.54 on Thursday. The stock’s 50 day simple moving average is $7.15 and its 200 day simple moving average is $9.03. The company has a market cap of $287.84 million, a P/E ratio of -3.59 and a beta of 2.33. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $18.19.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The firm had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. Equities analysts predict that Domo, Inc. will post -2.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DOMO shares. JMP Securities restated a “market outperform” rating and issued a $16.00 price target on shares of Domo in a research report on Thursday, June 20th. Morgan Stanley dropped their target price on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Lake Street Capital downgraded Domo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $8.00 in a report on Friday, May 24th. DA Davidson reissued a “neutral” rating and issued a $10.00 price objective on shares of Domo in a research report on Thursday, March 28th. Finally, TD Cowen cut their target price on Domo from $11.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, May 21st. Four 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, the company currently has an average rating of “Hold” and an average price target of $10.20.

Institutional Trading of Domo

Institutional investors have recently made changes to their positions in the company. King Luther Capital Management Corp purchased a new position in Domo in the fourth quarter worth $1,133,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Domo by 37.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock worth $6,068,000 after purchasing an additional 167,937 shares during the last quarter. Legato Capital Management LLC raised its holdings in shares of Domo by 40.2% in the 4th quarter. Legato Capital Management LLC now owns 60,531 shares of the company’s stock worth $623,000 after purchasing an additional 17,350 shares during the period. Vanguard Group Inc. increased its position in Domo by 4.4% in the third quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock worth $44,581,000 after buying an additional 190,496 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Domo by 4.1% during the 4th quarter. BNP Paribas Financial Markets now owns 43,707 shares of the company’s stock worth $450,000 after acquiring an additional 1,704 shares during the period. Institutional investors 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.