Domo, Inc. (NASDAQ:DOMO) Sees Significant Increase in Short Interest

Domo, Inc. (NASDAQ:DOMOGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 1,580,000 shares, an increase of 25.4% from the April 15th total of 1,260,000 shares. Based on an average daily volume of 359,800 shares, the days-to-cover ratio is currently 4.4 days.

DOMO stock traded up $0.36 during midday trading on Tuesday, hitting $32.62. The company’s stock had a trading volume of 3,708 shares, compared to its average volume of 331,287. Domo has a twelve month low of $28.79 and a twelve month high of $98.35. The company’s fifty day moving average price is $44.91 and its 200 day moving average price is $51.76. The stock has a market capitalization of $1.08 billion, a P/E ratio of -10.15 and a beta of 2.65.

Domo (NASDAQ:DOMOGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.88) by ($0.13). The business had revenue of $70.00 million for the quarter, compared to analysts’ expectations of $67.10 million. During the same quarter in the prior year, the firm earned ($0.65) EPS. The company’s revenue was up 23.2% on a year-over-year basis. As a group, equities research analysts forecast that Domo will post -3.16 earnings per share for the current fiscal year.

DOMO has been the topic of a number of recent analyst reports. JMP Securities reduced their price target on shares of Domo from $106.00 to $88.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 2nd. Cowen reduced their price target on shares of Domo from $100.00 to $85.00 in a research report on Monday, February 28th. Morgan Stanley reduced their price target on shares of Domo from $98.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 2nd. Finally, Zacks Investment Research raised shares of Domo from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $93.25.

In related news, CFO Bruce C. Jr. Felt sold 20,000 shares of the stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $48.52, for a total value of $970,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Catherine Wong sold 3,750 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $46.89, for a total transaction of $175,837.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,053 shares of company stock worth $5,441,410. Company insiders own 14.35% of the company’s stock.

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in shares of Domo by 0.4% during the 3rd quarter. California State Teachers Retirement System now owns 38,129 shares of the company’s stock worth $3,220,000 after purchasing an additional 148 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Domo by 1.2% during the 3rd quarter. Voya Investment Management LLC now owns 15,733 shares of the company’s stock worth $1,329,000 after acquiring an additional 182 shares during the period. Credit Suisse AG increased its position in Domo by 0.3% during the 3rd quarter. Credit Suisse AG now owns 139,657 shares of the company’s stock worth $11,793,000 after purchasing an additional 366 shares in the last quarter. TownSquare Capital LLC increased its position in Domo by 8.6% in the 3rd quarter. TownSquare Capital LLC now owns 4,614 shares of the company’s stock valued at $390,000 after acquiring an additional 367 shares during the period. Finally, Captrust Financial Advisors increased its position in Domo by 222.5% in the 3rd quarter. Captrust Financial Advisors now owns 545 shares of the company’s stock valued at $46,000 after acquiring an additional 376 shares during the period. Hedge funds and other institutional investors own 72.40% of the company’s stock.

Domo Company Profile (Get Rating)

Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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