Vanguard Group Inc. Grows Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

Vanguard Group Inc. grew its holdings in shares of Domo, Inc. (NASDAQ:DOMO) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,107,851 shares of the company’s stock after purchasing an additional 36,029 shares during the quarter. Vanguard Group Inc. owned approximately 13.06% of Domo worth $36,164,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Domo by 0.5% in the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after purchasing an additional 4,091 shares during the last quarter. XTX Topco Ltd purchased a new stake in Domo in the 3rd quarter valued at about $97,000. FMR LLC increased its stake in shares of Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after acquiring an additional 51,494 shares during the last quarter. Barclays PLC increased its stake in shares of Domo by 56.8% during the 3rd quarter. Barclays PLC now owns 79,611 shares of the company’s stock valued at $598,000 after acquiring an additional 28,838 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Domo by 2.6% during the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after acquiring an additional 19,361 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

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

Domo Trading Down 0.5 %

Shares of Domo stock opened at $8.22 on Monday. The company has a fifty day moving average price of $8.17 and a 200 day moving average price of $8.01. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $10.15. The stock has a market cap of $328.31 million, a price-to-earnings ratio of -3.75 and a beta of 2.28.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share 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 the consensus estimate of $77.95 million. Analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current year.

Insider Activity

In other Domo news, CEO Joshua G. James purchased 77,300 shares of Domo stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $6.50 per share, with a total value of $502,450.00. Following the completion of the acquisition, the chief executive officer now owns 116,600 shares of the company’s stock, valued at approximately $757,900. This trade represents a 196.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel David Daniel III acquired 120,000 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $6.44 per share, with a total value of $772,800.00. Following the purchase, the director now owns 781,400 shares in the company, valued at $5,032,216. This represents a 18.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 14.04% of the company’s stock.

Domo Profile

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.