Daniel David Daniel III Purchases 120,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III bought 120,000 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $6.44 per share, with a total value of $772,800.00. Following the purchase, the director now owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. This represents a 18.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Domo Stock Down 7.3 %

NASDAQ DOMO opened at $6.64 on Friday. The company has a market capitalization of $259.68 million, a price-to-earnings ratio of -3.03 and a beta of 2.28. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $10.15. The stock has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $7.96.

Domo (NASDAQ:DOMO) last issued 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 firm had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. Research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd bought a new position in Domo during the fourth quarter worth $47,000. R Squared Ltd bought a new position in shares of Domo in the 4th quarter worth about $56,000. Riggs Capital Management LLC bought a new position in shares of Domo in the 4th quarter worth about $85,000. XTX Topco Ltd acquired a new position in shares of Domo in the 3rd quarter valued at about $97,000. Finally, SG Americas Securities LLC boosted its position in shares of Domo by 19.1% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DOMO shares. Cowen reaffirmed a “hold” rating on shares of Domo in a report on Friday, March 7th. DA Davidson upgraded shares of Domo to a “hold” rating in a report on Monday, March 10th. Lake Street Capital cut their price objective on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a report on Friday, March 7th. Morgan Stanley upped their target price on Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.