Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III Buys 120,000 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III purchased 120,000 shares of the business’s stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $6.44 per share, for a total transaction of $772,800.00. Following the completion of the acquisition, the director now directly owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. The trade was a 18.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Domo Stock Down 7.3 %

Shares of NASDAQ DOMO opened at $6.64 on Friday. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $10.15. The business’s 50 day moving average price is $8.24 and its 200 day moving average price is $7.96. The firm has a market cap of $259.68 million, a P/E ratio of -3.03 and a beta of 2.28.

Domo (NASDAQ:DOMO) last released 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 firm had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

DOMO has been the subject of a number of recent analyst reports. Lake Street Capital lowered their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research report on Friday, March 7th. DA Davidson upgraded Domo to a “hold” rating in a research note on Monday, March 10th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of Domo in a report on Thursday, March 20th. Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday, March 7th. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Domo in a research note on Friday, December 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Domo has a consensus rating of “Hold” and a consensus target price of $10.42.

Hedge Funds Weigh In On Domo

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Domo by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company’s stock valued at $2,009,000 after acquiring an additional 18,069 shares in the last quarter. FMR LLC grew its stake in shares of Domo by 20.6% during the 3rd 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 period. BNP Paribas Financial Markets increased its holdings in shares of Domo by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock valued at $308,000 after purchasing an additional 2,091 shares in the last quarter. Centiva Capital LP lifted its stake in shares of Domo by 38.1% in the 3rd quarter. Centiva Capital LP now owns 24,749 shares of the company’s stock valued at $186,000 after purchasing an additional 6,828 shares during the period. Finally, Parallax Volatility Advisers L.P. boosted its holdings in Domo by 113.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after buying an additional 246,016 shares in the last quarter. Institutional investors and hedge funds 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.