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

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III acquired 120,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $6.44 per share, with a total value of $772,800.00. Following the completion of the acquisition, the director now owns 781,400 shares of the company’s stock, valued at $5,032,216. This represents a 18.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domo Price Performance

DOMO opened at $6.64 on Friday. The company has a market capitalization of $259.68 million, a PE ratio of -3.03 and a beta of 2.28. The business has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $7.96. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $10.15.

Domo (NASDAQ:DOMO) last released its quarterly 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 analyst estimates of $77.95 million. Equities analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DOMO shares. Morgan Stanley raised their price target on shares of Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. DA Davidson upgraded shares of Domo to a “hold” rating in a research note on Monday, March 10th. Cowen restated a “hold” rating on shares of Domo in a research note on Friday, March 7th. Lake Street Capital lowered their target price on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. 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, Domo has an average rating of “Hold” and an average price target of $10.42.

Hedge Funds Weigh In On Domo

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock valued at $622,000 after acquiring an additional 1,826 shares during the period. BNP Paribas Financial Markets raised its stake in Domo by 5.4% in the third 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. SG Americas Securities LLC lifted its position in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after purchasing an additional 2,247 shares during the period. Barclays PLC grew its stake in Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company’s stock worth $584,000 after buying an additional 2,962 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock valued at $125,000 after buying an additional 4,000 shares during the period. Institutional investors own 76.64% of the company’s stock.

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.