Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III Purchases 150,000 Shares

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III acquired 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of $6.69 per share, with a total value of $1,003,500.00. Following the completion of the acquisition, the director now owns 411,400 shares of the company’s stock, valued at approximately $2,752,266. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Daniel David Daniel III also recently made the following trade(s):

• On Thursday, June 20th, Daniel David Daniel III acquired 150,000 shares of Domo stock. The shares were purchased at an average price of $6.87 per share, with a total value of $1,030,500.00.

Domo Stock Up 9.7 %

DOMO opened at $7.43 on Tuesday. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $18.19. The stock has a market cap of $283.60 million, a price-to-earnings ratio of -3.54 and a beta of 2.33. The business has a 50 day moving average of $7.17 and a 200-day moving average of $9.05.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The firm had revenue of $80.10 million during the quarter, compared to the consensus estimate of $79.57 million. As a group, analysts expect that Domo, Inc. will post -2.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DOMO shares. Morgan Stanley decreased their price objective on Domo from $13.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. DA Davidson reissued a “neutral” rating and set a $10.00 price target on shares of Domo in a research report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Thursday, June 20th. Lake Street Capital cut Domo from a “buy” rating to a “hold” rating and reduced their price target for the company from $15.00 to $8.00 in a research report on Friday, May 24th. Finally, TD Cowen reduced their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Domo currently has a consensus rating of “Hold” and a consensus target price of $10.20.

Institutional Trading of Domo

Hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its holdings in Domo by 6.7% during the 4th quarter. Mackenzie Financial Corp now owns 21,818 shares of the company’s stock worth $225,000 after purchasing an additional 1,374 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Domo by 161.9% during the 4th 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 during the last quarter. BNP Paribas Financial Markets lifted its holdings in Domo by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after purchasing an additional 1,630 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Domo by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Domo by 3.8% during the 3rd quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $665,000 after purchasing an additional 2,500 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

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.