Domo, Inc. (NASDAQ:DOMO) Director David R. Jolley Sells 25,000 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now directly owns 255,743 shares in the company, valued at approximately $2,125,224.33. This represents a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Domo Stock Up 3.4 %

Shares of NASDAQ:DOMO opened at $8.49 on Friday. The firm has a market capitalization of $332.03 million, a PE ratio of -3.88 and a beta of 2.56. Domo, Inc. has a twelve month low of $6.11 and a twelve month high of $10.15. The company has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $7.88.

Domo (NASDAQ:DOMO) last issued its earnings results 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 business had revenue of $78.77 million for the quarter, compared to analysts’ expectations of $77.95 million. Analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of Domo in a research note on Friday, March 7th. Lake Street Capital lowered their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a report on Friday, March 7th. Cowen reiterated a “hold” rating on shares of Domo in a report on Friday, March 7th. Morgan Stanley increased their target price on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Domo presently has an average rating of “Hold” and a consensus price target of $10.42.

Hedge Funds Weigh In On Domo

A number of large investors have recently modified their holdings of DOMO. Geode Capital Management LLC raised its stake in Domo by 0.5% in the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after purchasing an additional 4,091 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Domo during the third quarter worth approximately $97,000. FMR LLC raised its stake in shares of Domo by 20.6% during the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after acquiring an additional 51,494 shares in the last quarter. Barclays PLC raised its stake in shares of Domo by 56.8% during the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock worth $598,000 after acquiring an additional 28,838 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Domo by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company’s stock worth $3,936,000 after acquiring an additional 12,494 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.