Raymond James Financial Inc. Invests $173,000 in Domo, Inc. (NASDAQ:DOMO)

Raymond James Financial Inc. bought a new stake in shares of Domo, Inc. (NASDAQ:DOMO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,398 shares of the company’s stock, valued at approximately $173,000. Raymond James Financial Inc. owned 0.06% of Domo at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOMO. FMR LLC grew its stake in Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after purchasing an additional 51,494 shares in the last quarter. Barclays PLC lifted its holdings in shares of Domo by 56.8% in the 3rd quarter. Barclays PLC now owns 79,611 shares of the company’s stock worth $598,000 after buying an additional 28,838 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Domo during the 3rd quarter worth $181,000. State Street Corp increased its stake in shares of Domo by 2.6% during the third quarter. State Street Corp now owns 750,371 shares of the company’s stock valued at $5,635,000 after buying an additional 19,361 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Domo by 7.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company’s stock valued at $2,009,000 after acquiring an additional 18,069 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. DA Davidson upgraded shares of Domo to a “hold” rating in a report on Monday, March 10th. Morgan Stanley increased their price objective on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Lake Street Capital reduced their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. Finally, Cowen reissued a “hold” rating on shares of Domo in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.42.

Insider Buying and Selling at Domo

In other news, CEO Joshua G. James bought 77,300 shares of Domo stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the purchase, the chief executive officer now directly owns 116,600 shares of the company’s stock, valued at approximately $757,900. The trade was a 196.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David R. Jolley sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the sale, the director now owns 255,743 shares in the company, valued at approximately $2,125,224.33. The trade was a 8.90 % decrease in their position. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by company insiders.

Domo Trading Down 0.5 %

Shares of DOMO opened at $8.22 on Friday. The firm has a market cap of $321.47 million, a PE ratio of -3.75 and a beta of 2.28. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $10.15. The stock has a fifty day moving average price of $8.17 and a 200-day moving average price of $8.00.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The business had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. As a group, research analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

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.