Domo, Inc. (NASDAQ:DOMO - Get Free Report) Director David R. Jolley sold 25,000 shares of Domo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now owns 255,743 shares in the company, valued at approximately $2,125,224.33. This trade represents a 8.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Domo Trading Up 3.4 %
Shares of NASDAQ:DOMO opened at $8.49 on Friday. The stock has a 50 day moving average of $7.92 and a 200 day moving average of $7.88. The company has a market cap of $332.03 million, a PE ratio of -3.88 and a beta of 2.56. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $10.15.
Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) 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 the consensus estimate of $77.95 million. Equities research analysts predict that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake in Domo by 127.0% in the 4th quarter. Mackenzie Financial Corp now owns 76,117 shares of the company's stock worth $539,000 after purchasing an additional 42,581 shares during the period. Connective Capital Management LLC purchased a new stake in Domo during the 4th quarter valued at $315,000. Squarepoint Ops LLC purchased a new stake in Domo during the 4th quarter valued at $127,000. RPD Fund Management LLC purchased a new stake in Domo during the 4th quarter valued at $15,449,000. Finally, Occudo Quantitative Strategies LP raised 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 period. 76.64% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
DOMO has been the topic of a number of research reports. JMP Securities restated a "market outperform" rating and set a $16.00 target price on shares of Domo in a report on Friday, December 6th. Morgan Stanley boosted their target price on shares of Domo from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday. DA Davidson upgraded shares of Domo to a "hold" rating in a report on Monday, March 10th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 target price on shares of Domo in a report on Friday, March 7th. Finally, Cowen reaffirmed a "hold" rating on shares of Domo in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Domo presently has an average rating of "Hold" and an average price target of $10.42.
Get Our Latest Stock Analysis on DOMO
About Domo
(
Get Free Report)
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.
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