Dupont Capital Management Corp Buys New Shares in Domo, Inc. (NASDAQ:DOMO)

Dupont Capital Management Corp bought a new stake in Domo, Inc. (NASDAQ:DOMOGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,733 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its holdings in Domo by 713.3% in the third quarter. CWM LLC now owns 1,651 shares of the company’s stock valued at $30,000 after purchasing an additional 1,448 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Domo by 90.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after acquiring an additional 740 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Domo by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,526 shares of the company’s stock worth $127,000 after acquiring an additional 842 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Domo during the 2nd quarter worth about $178,000. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Domo by 11.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 6,760 shares of the company’s stock worth $188,000 after acquiring an additional 720 shares in the last quarter. 71.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOMO has been the topic of several recent analyst reports. Cowen lowered their target price on shares of Domo from $27.00 to $23.00 in a research note on Friday, December 9th. Lake Street Capital lowered their target price on shares of Domo from $25.00 to $23.00 in a research note on Friday, December 9th. Morgan Stanley lowered their target price on shares of Domo from $51.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Cowen lowered their target price on shares of Domo from $27.00 to $23.00 in a research note on Friday, December 9th. Finally, JMP Securities reduced their price target on shares of Domo from $43.00 to $30.00 and set a “market outperform” rating for the company in a research report on Friday, December 9th. 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 $24.60.

Domo Trading Up 1.1 %

DOMO stock opened at $14.21 on Tuesday. The company has a market cap of $490.88 million, a price-to-earnings ratio of -4.00 and a beta of 2.20. Domo, Inc. has a 12 month low of $12.07 and a 12 month high of $57.41. The firm has a 50-day moving average of $14.23 and a two-hundred day moving average of $20.26.

Insider Buying and Selling at Domo

In other Domo news, major shareholder Joshua G. James sold 50,011 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $12.88, for a total value of $644,141.68. Following the completion of the sale, the insider now owns 179,145 shares in the company, valued at approximately $2,307,387.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Domo news, major shareholder Joshua G. James sold 50,011 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $12.88, for a total value of $644,141.68. Following the completion of the sale, the insider now owns 179,145 shares in the company, valued at approximately $2,307,387.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Joshua G. James sold 12,854 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $14.72, for a total transaction of $189,210.88. Following the completion of the sale, the insider now owns 229,156 shares of the company’s stock, valued at approximately $3,373,176.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,620 shares of company stock worth $1,506,867. Insiders own 10.85% of the company’s stock.

Domo Company Profile

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Domo, Inc designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.

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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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