Domo, Inc. (NASDAQ:DOMO) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Domo, Inc. (NASDAQ:DOMO) by 192.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,106 shares of the company’s stock after purchasing an additional 127,091 shares during the period. GSA Capital Partners LLP’s holdings in Domo were worth $1,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in Domo by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 21,818 shares of the company’s stock worth $225,000 after buying an additional 1,374 shares during the period. Tower Research Capital LLC TRC boosted its stake in Domo by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $27,000 after buying an additional 1,622 shares during the period. BNP Paribas Financial Markets boosted its stake in Domo by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after buying an additional 1,630 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Domo by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after buying an additional 2,212 shares during the period. Finally, Caliber Wealth Management LLC boosted its stake in Domo by 18.9% during the first quarter. Caliber Wealth Management LLC now owns 16,980 shares of the company’s stock worth $151,000 after buying an additional 2,704 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Stock Performance

DOMO stock traded down $0.09 during midday trading on Wednesday, reaching $7.01. 79,627 shares of the company were exchanged, compared to its average volume of 416,321. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $18.19. The stock’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $8.89. The company has a market cap of $267.57 million, a price-to-earnings ratio of -3.31 and a beta of 2.45.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The company had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. On average, research analysts anticipate that Domo, Inc. will post -2.4 earnings per share for the current year.

Insiders Place Their Bets

In other Domo news, CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $8.50, for a total transaction of $102,000.00. Following the completion of the transaction, the chief financial officer now owns 215,543 shares in the company, valued at approximately $1,832,115.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO David R. Jolley sold 12,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the transaction, the chief financial officer now owns 215,543 shares in the company, valued at approximately $1,832,115.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel David Daniel III purchased 150,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of $6.87 per share, with a total value of $1,030,500.00. Following the acquisition, the director now directly owns 561,400 shares in the company, valued at $3,856,818. The disclosure for this purchase can be found here. 14.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DOMO has been the subject of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $10.00 target price on shares of Domo in a research note on Thursday, March 28th. Morgan Stanley lowered their price objective on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Domo in a research note on Monday, July 1st. Lake Street Capital downgraded shares of Domo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $8.00 in a research note on Friday, May 24th. Finally, TD Cowen decreased their price target on shares of Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Domo currently has an average rating of “Hold” and an average price target of $10.20.

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.