Domo, Inc. (NASDAQ:DOMO) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its holdings in Domo, Inc. (NASDAQ:DOMO) by 37.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,634 shares of the company’s stock after selling 2,173 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Domo were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DOMO. Advisory Services Network LLC acquired a new position in Domo in the second quarter valued at $25,000. Rockefeller Capital Management L.P. increased its stake in Domo by 313.3% in the second quarter. Rockefeller Capital Management L.P. now owns 620 shares of the company’s stock valued at $50,000 after purchasing an additional 470 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Domo in the second quarter valued at $60,000. Advisor Group Holdings Inc. increased its stake in Domo by 425.5% in the second quarter. Advisor Group Holdings Inc. now owns 1,298 shares of the company’s stock valued at $105,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Pinz Capital Management LP acquired a new position in Domo in the second quarter valued at $121,000. Hedge funds and other institutional investors own 67.11% of the company’s stock.

Several equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Domo in a research note on Friday, December 3rd. Zacks Investment Research lowered Domo from a “hold” rating to a “sell” rating in a research note on Thursday, December 9th. Finally, Cowen dropped their price target on Domo from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $93.67.

In other news, EVP Catherine Wong sold 5,104 shares of the company’s stock in a transaction dated Wednesday, December 22nd. The stock was sold at an average price of $51.16, for a total value of $261,120.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.35% of the stock is owned by corporate insiders.

Shares of NASDAQ DOMO opened at $45.23 on Friday. Domo, Inc. has a 1-year low of $40.21 and a 1-year high of $98.35. The business has a 50-day moving average of $60.26 and a 200-day moving average of $76.84. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -16.10 and a beta of 2.75.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 2nd. The company reported ($0.32) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.02. The company had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $64.31 million. During the same period in the previous year, the company earned ($0.75) EPS. Domo’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts expect that Domo, Inc. will post -3.06 earnings per share for the current fiscal year.

Domo Profile

Domo, Inc designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.

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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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