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

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James bought 77,300 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $6.50 per share, with a total value of $502,450.00. Following the completion of the transaction, the chief executive officer now 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 legal filing with the SEC, which is available at the SEC website.

Domo Price Performance

Shares of Domo stock opened at $6.64 on Friday. The business has a 50-day simple moving average of $8.24 and a 200 day simple moving average of $7.96. Domo, Inc. has a one year low of $6.01 and a one year high of $10.15. The firm has a market capitalization of $259.68 million, a price-to-earnings ratio of -3.03 and a beta of 2.28.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson raised Domo to a “hold” rating in a research note on Monday, March 10th. Morgan Stanley upped their price target on shares of 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 lowered their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research report on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Finally, Cowen reiterated a “hold” rating on shares of Domo in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Domo presently has an average rating of “Hold” and an average price target of $10.42.

Institutional Trading of Domo

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