Franklin Resources Inc. Has $388,000 Stake in Domo, Inc. (NASDAQ:DOMO)

Franklin Resources Inc. lowered its position in shares of Domo, Inc. (NASDAQ:DOMO) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,738 shares of the company’s stock after selling 21,063 shares during the period. Franklin Resources Inc. owned 0.14% of Domo worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock valued at $622,000 after purchasing an additional 1,826 shares in the last quarter. SG Americas Securities LLC increased its holdings in Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after buying an additional 2,247 shares during the period. Geode Capital Management LLC raised its position in shares of Domo by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after buying an additional 4,091 shares in the last quarter. R Squared Ltd acquired a new position in shares of Domo in the 4th quarter valued at approximately $56,000. Finally, Riggs Capital Management LLC bought a new stake in shares of Domo during the 4th quarter worth approximately $85,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domo

In related news, Director David R. Jolley sold 25,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $2,125,224.33. The trade was a 8.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joshua G. James acquired 77,300 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was bought 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 directly owns 116,600 shares of the company’s stock, valued at $757,900. This trade represents a 196.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 14.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson upgraded shares of Domo to a “hold” rating in a research report on Monday, March 10th. Cowen reissued a “hold” rating on shares of Domo in a report on Friday, March 7th. Lake Street Capital reduced their price objective on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 target price on shares of Domo in a research note on Thursday, March 20th. Finally, Morgan Stanley dropped their target price on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.25.

Domo Stock Down 2.8 %

Shares of DOMO stock opened at $6.93 on Friday. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $10.15. The stock’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $8.00. The firm has a market capitalization of $276.78 million, a P/E ratio of -3.16 and a beta of 2.28.

Domo (NASDAQ:DOMO) last released its quarterly 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. As a group, equities research analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Domo Company 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.