Fox Run Management L.L.C. Acquires New Shares in Domo, Inc. (NASDAQ:DOMO)

Fox Run Management L.L.C. bought a new position in Domo, Inc. (NASDAQ:DOMO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,647 shares of the company’s stock, valued at approximately $210,000. Fox Run Management L.L.C. owned about 0.08% of Domo at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Domo in the fourth quarter worth approximately $56,000. XTX Topco Ltd bought a new stake in Domo in the third quarter worth approximately $97,000. SG Americas Securities LLC grew its position in Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after acquiring an additional 2,247 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Domo by 291.9% during the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Domo during the 4th quarter valued at $103,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Cowen restated a “hold” rating on shares of Domo in a report on Friday, March 7th. DA Davidson raised Domo to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley lifted 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. Finally, TD Cowen upped their price objective on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.42.

Domo Stock Down 3.6 %

Shares of NASDAQ DOMO opened at $7.96 on Friday. Domo, Inc. has a 12 month low of $6.11 and a 12 month high of $10.15. The company has a market cap of $311.30 million, a P/E ratio of -3.63 and a beta of 2.56. The business’s 50 day moving average is $8.25 and its two-hundred day moving average is $7.95.

Domo (NASDAQ:DOMO) last released its earnings results 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 analysts’ expectations of $77.95 million. Sell-side analysts expect that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Activity at Domo

In other Domo news, Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now owns 255,743 shares of the company’s stock, valued at $2,125,224.33. This represents a 8.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 14.04% of the stock is owned by corporate insiders.

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.