Susquehanna Fundamental Investments LLC Has $101,000 Position in Domo, Inc. (NASDAQ:DOMO)

Susquehanna Fundamental Investments LLC cut its holdings in Domo, Inc. (NASDAQ:DOMO) by 55.5% in the second quarter, Holdings Channel.com reports. The fund owned 13,048 shares of the company’s stock after selling 16,275 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Domo were worth $101,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DOMO. Acadian Asset Management LLC raised its holdings in shares of Domo by 32.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after purchasing an additional 317,388 shares in the last quarter. 272 Capital LP increased its position in Domo by 52.1% during the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after buying an additional 142,609 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Domo by 192.5% during the first quarter. GSA Capital Partners LLP now owns 193,106 shares of the company’s stock valued at $1,723,000 after buying an additional 127,091 shares in the last quarter. Vanguard Group Inc. raised its holdings in Domo by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock valued at $43,050,000 after buying an additional 108,200 shares in the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Domo by 42.1% in the first quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock worth $2,827,000 after buying an additional 93,858 shares during the last quarter. 76.64% of the stock is owned by institutional investors.

Domo Stock Up 4.4 %

DOMO opened at $7.34 on Friday. The stock’s 50 day moving average price is $7.53 and its two-hundred day moving average price is $7.63. The firm has a market capitalization of $280.01 million, a P/E ratio of -3.49 and a beta of 2.45. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $12.23.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.21. The business had revenue of $78.41 million during the quarter, compared to the consensus estimate of $76.60 million. During the same period in the prior year, the company posted ($0.44) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate that Domo, Inc. will post -2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DOMO shares. DA Davidson increased their price objective on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 30th. TD Cowen increased their price target on Domo from $8.00 to $9.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Domo has an average rating of “Hold” and an average target price of $9.60.

Insiders Place Their Bets

In related news, CFO David R. Jolley acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $6.99 per share, with a total value of $69,900.00. Following the completion of the transaction, the chief financial officer now owns 291,465 shares of the company’s stock, valued at approximately $2,037,340.35. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 14.04% 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.