Domo (NASDAQ:DOMO) Shares Gap Down to $19.09

Shares of Domo, Inc. (NASDAQ:DOMOGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $19.09, but opened at $18.63. Domo shares last traded at $19.04, with a volume of 180 shares traded.

Analysts Set New Price Targets

DOMO has been the topic of a number of analyst reports. Cowen reduced their price target on Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, August 26th. Morgan Stanley reduced their price target on Domo from $68.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, August 26th. Cowen reduced their price target on Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, August 26th. Finally, JMP Securities reduced their price target on Domo from $59.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Friday, August 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Domo currently has an average rating of “Buy” and a consensus target price of $57.00.

Domo Trading Down 2.1 %

The firm has a 50-day moving average of $29.44 and a 200 day moving average of $36.47. The company has a market cap of $616.66 million, a P/E ratio of -5.00 and a beta of 2.48.

Domo (NASDAQ:DOMOGet Rating) last announced its earnings results on Thursday, August 25th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.07. The business had revenue of $75.50 million for the quarter, compared to the consensus estimate of $76.40 million. During the same quarter in the previous year, the company earned ($0.70) EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities analysts predict that Domo, Inc. will post -4.25 EPS for the current year.

Insider Activity at Domo

In related news, COO Catherine Wong sold 3,750 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $27.13, for a total transaction of $101,737.50. Following the sale, the chief operating officer now owns 299,027 shares in the company, valued at approximately $8,112,602.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Catherine Wong sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $27.13, for a total transaction of $101,737.50. Following the transaction, the chief operating officer now directly owns 299,027 shares of the company’s stock, valued at approximately $8,112,602.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John M. Mellor sold 6,788 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $27.30, for a total value of $185,312.40. Following the transaction, the chief executive officer now directly owns 379,171 shares in the company, valued at $10,351,368.30. The disclosure for this sale can be found here. 10.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DOMO. Washington Harbour Partners LP raised its stake in Domo by 670.4% during the 1st quarter. Washington Harbour Partners LP now owns 578,583 shares of the company’s stock worth $29,259,000 after buying an additional 503,483 shares during the period. Archon Capital Management LLC raised its stake in shares of Domo by 369.7% in the first quarter. Archon Capital Management LLC now owns 415,469 shares of the company’s stock worth $21,010,000 after purchasing an additional 327,007 shares during the last quarter. Invesco Ltd. raised its stake in shares of Domo by 2,362.1% in the first quarter. Invesco Ltd. now owns 295,797 shares of the company’s stock worth $14,958,000 after purchasing an additional 283,783 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Domo by 24.2% in the first quarter. First Trust Advisors LP now owns 1,419,328 shares of the company’s stock worth $71,775,000 after purchasing an additional 276,217 shares during the last quarter. Finally, Portolan Capital Management LLC raised its stake in shares of Domo by 58.6% in the first quarter. Portolan Capital Management LLC now owns 743,725 shares of the company’s stock worth $37,610,000 after purchasing an additional 274,904 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

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.

Featured Articles

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.