Domo, Inc. (NASDAQ:DOMO) CEO Buys $502,450.00 in Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James purchased 77,300 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the purchase, the chief executive officer now directly owns 116,600 shares in the company, valued at $757,900. The trade was a 196.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Domo Stock Performance

Shares of NASDAQ:DOMO traded down $0.52 during trading on Friday, reaching $6.64. 909,085 shares of the stock were exchanged, compared to its average volume of 362,765. The firm’s 50-day moving average price is $8.24 and its 200 day moving average price is $7.96. The firm has a market cap of $259.68 million, a price-to-earnings ratio of -3.03 and a beta of 2.28. Domo, Inc. has a 12-month low of $6.02 and a 12-month high of $10.15.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. As a group, equities research analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

Institutional Trading of Domo

Large investors have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo in the fourth quarter worth about $47,000. R Squared Ltd purchased a new position in Domo in the 4th quarter worth approximately $56,000. Riggs Capital Management LLC purchased a new position in Domo in the 4th quarter worth approximately $85,000. XTX Topco Ltd acquired a new stake in Domo in the third quarter valued at approximately $97,000. Finally, SG Americas Securities LLC raised its stake in shares of Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. DA Davidson upgraded shares of Domo to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley lifted their price objective on Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Lake Street Capital dropped their target price on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Domo currently has an average rating of “Hold” and a consensus target price of $10.42.

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.