Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James Acquires 77,300 Shares

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 stock was 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 directly owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Domo Stock Down 7.3 %

DOMO opened at $6.64 on Friday. The business’s fifty day simple moving average is $8.24 and its 200 day simple moving average is $7.96. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $10.15. The stock has a market cap of $259.68 million, a PE ratio of -3.03 and a beta of 2.28.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data 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 the consensus estimate of $77.95 million. As a group, equities analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

DOMO has been the topic of several research reports. 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 note on Friday, March 7th. DA Davidson raised shares of Domo to a “hold” rating in a report on Monday, March 10th. Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday, March 7th. Morgan Stanley upped their price target on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.42.

Institutional Investors Weigh In On Domo

A number of hedge funds have recently made changes to their positions in DOMO. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo in the 4th quarter valued at $47,000. R Squared Ltd purchased a new stake in Domo during the fourth quarter valued at about $56,000. Riggs Capital Management LLC bought a new position in shares of Domo during the fourth quarter valued at about $85,000. XTX Topco Ltd purchased a new position in shares of Domo in the third quarter worth about $97,000. Finally, SG Americas Securities LLC lifted its stake in shares of Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after acquiring an additional 2,247 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.