Northern Trust Corp Grows Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

Northern Trust Corp boosted its position in Domo, Inc. (NASDAQ:DOMO) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 327,599 shares of the company’s stock after acquiring an additional 17,962 shares during the period. Northern Trust Corp owned about 0.84% of Domo worth $2,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOMO. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Domo in the 4th quarter valued at $47,000. R Squared Ltd acquired a new position in shares of Domo in the 4th quarter valued at $56,000. Riggs Capital Management LLC acquired a new position in shares of Domo in the 4th quarter valued at $85,000. SG Americas Securities LLC boosted its holdings in shares of 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 purchasing an additional 2,247 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Domo in the 4th quarter valued at $103,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domo 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 transaction, the director now owns 255,743 shares in the company, valued at $2,125,224.33. The trade was a 8.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joshua G. James acquired 77,300 shares of the business’s stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the acquisition, the chief executive officer now directly owns 116,600 shares in the company, valued at $757,900. This represents a 196.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by company insiders.

Domo Stock Performance

Shares of NASDAQ:DOMO opened at $11.35 on Monday. The company has a market cap of $453.32 million, a P/E ratio of -5.18 and a beta of 1.67. Domo, Inc. has a one year low of $6.01 and a one year high of $11.68. The business’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $8.07.

Domo (NASDAQ:DOMO) last announced its earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.10. The company had revenue of $80.11 million for the quarter, compared to analysts’ expectations of $77.75 million. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.33) earnings per share. Analysts predict that Domo, Inc. will post -2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DOMO. Lake Street Capital reiterated a “hold” rating and issued a $9.00 price target (up previously from $8.50) on shares of Domo in a report on Thursday. Morgan Stanley decreased their price target on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald lifted their price target on shares of Domo from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Domo in a report on Thursday. Finally, Wall Street Zen upgraded shares of Domo from a “hold” rating to a “buy” rating in a report on Saturday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Domo currently has an average rating of “Hold” and an average target price of $10.67.

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.