David R. Jolley Sells 25,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) Director David R. Jolley sold 25,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now directly owns 255,743 shares in the company, valued at approximately $2,125,224.33. This trade represents a 8.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Domo Trading Up 3.4 %

Shares of DOMO stock opened at $8.49 on Friday. The company’s fifty day moving average price is $7.94 and its 200-day moving average price is $7.88. The stock has a market cap of $332.03 million, a PE ratio of -3.88 and a beta of 2.56. Domo, Inc. has a 12 month low of $6.11 and a 12 month high of $10.15.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) 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. On average, sell-side analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOMO. Bank of New York Mellon Corp grew its stake in shares of Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after acquiring an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Domo by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares in the last quarter. SG Americas Securities LLC grew its position in 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 purchasing an additional 2,247 shares during the last quarter. Barclays PLC increased its stake in Domo by 3.7% during the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock valued at $584,000 after purchasing an additional 2,962 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DOMO shares. Lake Street Capital cut their target price on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price target on shares of Domo in a research note on Friday, March 7th. Cowen reissued a “hold” rating on shares of Domo in a research report on Friday, March 7th. Finally, Morgan Stanley raised their target price on shares of Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.42.

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.