Intech Investment Management LLC Buys Shares of 14,493 Domo, Inc. (NASDAQ:DOMO)

Intech Investment Management LLC purchased a new position in shares of Domo, Inc. (NASDAQ:DOMO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,493 shares of the company’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DOMO. Parallax Volatility Advisers L.P. grew its holdings in Domo by 113.9% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after acquiring an additional 246,016 shares during the last quarter. FMR LLC grew its stake in shares of Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after purchasing an additional 51,494 shares during the last quarter. Barclays PLC increased its holdings in Domo by 56.8% in the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock valued at $598,000 after purchasing an additional 28,838 shares during the period. Raymond James Financial Inc. acquired a new position in Domo during the 4th quarter worth about $173,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Domo in the 3rd quarter valued at about $181,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Insider Transactions at Domo

In other Domo news, Director David R. Jolley sold 25,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were 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 owns 255,743 shares in the company, valued at approximately $2,125,224.33. The trade was a 8.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DOMO has been the subject of a number of analyst reports. DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of Domo in a research report on Thursday, March 20th. TD Cowen upped their price objective on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Lake Street Capital lowered their target price on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley upped their price target on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.42.

Domo Stock Down 4.8 %

Domo stock opened at $8.26 on Friday. The company has a market capitalization of $323.03 million, a PE ratio of -3.77 and a beta of 2.56. The firm’s fifty day moving average is $8.23 and its 200 day moving average is $7.94. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $10.15.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. Sell-side analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

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.