Domo (NASDAQ:DOMO) Given “Neutral” Rating at DA Davidson

Domo (NASDAQ:DOMO)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a report issued on Thursday, Benzinga reports. They currently have a $10.00 price objective on the stock. DA Davidson’s price objective suggests a potential upside of 10.86% from the stock’s previous close.

Separately, Morgan Stanley lowered their price objective on Domo from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.60.

Domo Trading Down 0.8 %

DOMO stock traded down $0.07 during trading on Thursday, reaching $9.02. 94,314 shares of the stock were exchanged, compared to its average volume of 399,501. The stock has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $9.83. The company has a market capitalization of $325.44 million, a P/E ratio of -4.30 and a beta of 2.35. Domo has a twelve month low of $7.78 and a twelve month high of $18.19.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James sold 107,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $9.38, for a total transaction of $1,003,660.00. Following the completion of the transaction, the chief executive officer now owns 881,765 shares in the company, valued at approximately $8,270,955.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Daren Thayne sold 41,218 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $9.33, for a total transaction of $384,563.94. Following the completion of the sale, the executive vice president now owns 368,824 shares of the company’s stock, valued at $3,441,127.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joshua G. James sold 107,000 shares of Domo stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $9.38, for a total transaction of $1,003,660.00. Following the completion of the transaction, the chief executive officer now owns 881,765 shares of the company’s stock, valued at approximately $8,270,955.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,556 shares of company stock valued at $1,605,967. 12.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Domo by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $27,000 after purchasing an additional 1,622 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Domo by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock valued at $61,000 after acquiring an additional 2,212 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Domo by 243.2% in the fourth quarter. Lazard Asset Management LLC now owns 5,268 shares of the company’s stock worth $75,000 after acquiring an additional 3,733 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of Domo by 46.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,440 shares of the company’s stock worth $78,000 after purchasing an additional 1,713 shares during the period. Finally, US Bancorp DE bought a new position in shares of Domo during the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

About Domo

Domo, Inc 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 from smartphones.