Domo, Inc. (NASDAQ:DOMO) CEO Purchases $502,450.00 in Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James purchased 77,300 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the acquisition, the chief executive officer now owns 116,600 shares of the company’s stock, valued at approximately $757,900. The trade was a 196.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Domo Price Performance

Domo stock traded down $0.52 during mid-day trading on Friday, reaching $6.64. The company had a trading volume of 909,085 shares, compared to its average volume of 362,765. The stock’s 50-day simple moving average is $8.24 and its 200-day simple moving average is $7.96. Domo, Inc. has a 1 year low of $6.02 and a 1 year high of $10.15. The company has a market capitalization 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 results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The company had revenue of $78.77 million during the quarter, compared to analyst estimates of $77.95 million. On average, equities analysts forecast that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOMO. Morgan Stanley lifted their target price on Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Domo in a report on Thursday, March 20th. Cowen reissued a “hold” rating on shares of Domo in a report on Friday, March 7th. Lake Street Capital lowered their price objective on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a report on Friday, March 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DOMO. Mackenzie Financial Corp increased its holdings in Domo by 127.0% during the 4th quarter. Mackenzie Financial Corp now owns 76,117 shares of the company’s stock valued at $539,000 after acquiring an additional 42,581 shares in the last quarter. Connective Capital Management LLC purchased a new position in shares of Domo during the 4th quarter worth approximately $315,000. Squarepoint Ops LLC acquired a new position in shares of Domo during the 4th quarter worth approximately $127,000. RPD Fund Management LLC purchased a new stake in Domo in the 4th quarter valued at approximately $15,449,000. Finally, Occudo Quantitative Strategies LP grew its holdings in Domo by 74.9% during the 4th quarter. Occudo Quantitative Strategies LP now owns 47,508 shares of the company’s stock valued at $336,000 after buying an additional 20,339 shares during 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.