Joshua G. James Purchases 77,300 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James acquired 77,300 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average price of $6.50 per share, with a total value of $502,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 116,600 shares in the company, valued at approximately $757,900. This represents a 196.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Domo Price Performance

Shares of Domo stock opened at $6.64 on Friday. The stock 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 1 year low of $6.01 and a 1 year high of $10.15. The firm’s 50-day moving average is $8.24 and its 200 day moving average is $7.96.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to analysts’ expectations of $77.95 million. On average, equities analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on DOMO. Lake Street Capital lowered their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley increased their price objective on Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of Domo in a report on Thursday, March 20th. Finally, Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Domo presently has a consensus rating of “Hold” and an average target price of $10.42.

Institutional Trading of Domo

A number of institutional investors and hedge funds have recently modified their holdings of the business. RPD Fund Management LLC purchased a new stake in shares of Domo during the fourth quarter valued at $15,449,000. Ameriprise Financial Inc. lifted its stake in Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock valued at $23,278,000 after acquiring an additional 282,943 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of Domo by 113.9% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock valued at $225,000 after acquiring an additional 246,016 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Domo in the fourth quarter worth approximately $1,586,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Domo during the fourth quarter valued at approximately $980,000. Institutional investors own 76.64% of the company’s stock.

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.