Geode Capital Management LLC Acquires 11,457 Shares of Domo, Inc. (NASDAQ:DOMO)

Geode Capital Management LLC lifted its holdings in shares of Domo, Inc. (NASDAQ:DOMO) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,810 shares of the company’s stock after purchasing an additional 11,457 shares during the quarter. Geode Capital Management LLC owned 1.97% of Domo worth $5,458,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DOMO. R Squared Ltd acquired a new stake in Domo during the 4th quarter worth approximately $56,000. Riggs Capital Management LLC acquired a new stake in shares of Domo during the fourth quarter worth $85,000. SG Americas Securities LLC lifted its position 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 acquiring an additional 2,247 shares in the last quarter. Intech Investment Management LLC acquired a new position in Domo in the 4th quarter worth $103,000. Finally, Raymond James Financial Inc. bought a new position in Domo during the 4th quarter worth about $173,000. Institutional investors own 76.64% of the company’s stock.

Insider Activity at Domo

In other Domo news, Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 $2,125,224.33. This represents a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joshua G. James bought 77,300 shares of Domo stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $6.50 per share, with a total value of $502,450.00. Following the completion of the purchase, the chief executive officer now directly owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DOMO shares. Lake Street Capital reduced their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research report on Friday, March 7th. DA Davidson raised Domo to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley decreased their price target on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price objective on shares of Domo in a research report on Thursday, March 20th. Finally, Cowen reaffirmed 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 given a buy rating to the stock. According to data from MarketBeat.com, Domo currently has an average rating of “Hold” and a consensus target price of $10.25.

Domo Stock Up 2.5 %

Shares of Domo stock opened at $7.50 on Friday. The stock has a market cap of $299.55 million, a P/E ratio of -3.42 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 business’s 50 day moving average is $7.86 and its 200-day moving average is $7.99.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to analysts’ expectations of $77.95 million. On average, sell-side analysts expect that Domo, Inc. will post -2.1 EPS for the current 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.