Nuveen Asset Management LLC Sells 101,920 Shares of Domo, Inc. (NASDAQ:DOMO)

Nuveen Asset Management LLC lowered its position in Domo, Inc. (NASDAQ:DOMO) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,863 shares of the company’s stock after selling 101,920 shares during the period. Nuveen Asset Management LLC owned approximately 0.74% of Domo worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Occudo Quantitative Strategies LP increased its stake in Domo by 74.9% in the 4th quarter. Occudo Quantitative Strategies LP now owns 47,508 shares of the company’s stock worth $336,000 after buying an additional 20,339 shares during the period. D. E. Shaw & Co. Inc. raised its position in Domo by 14.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 284,202 shares of the company’s stock valued at $2,012,000 after purchasing an additional 36,741 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock worth $23,278,000 after buying an additional 282,943 shares during the period. Northern Trust Corp grew its position in shares of Domo by 5.8% during the 4th quarter. Northern Trust Corp now owns 327,599 shares of the company’s stock worth $2,319,000 after buying an additional 17,962 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Domo by 21.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,104 shares of the company’s stock worth $398,000 after buying an additional 10,039 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Insider Activity at Domo

In other news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares of the company’s stock, valued at $2,125,224.33. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua G. James bought 77,300 shares of the firm’s 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 purchase, the chief executive officer now owns 116,600 shares in the company, valued at approximately $757,900. This trade represents a 196.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.24% of the stock is currently owned by insiders.

Domo Stock Performance

Domo stock opened at $13.21 on Tuesday. The business’s 50-day simple moving average is $8.51 and its two-hundred day simple moving average is $8.22. The company has a market cap of $527.61 million, a PE ratio of -6.03 and a beta of 1.67. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $13.53.

Domo (NASDAQ:DOMO) last issued its earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to analysts’ expectations of $77.75 million. During the same quarter in the prior year, the company earned ($0.33) EPS. Domo’s quarterly revenue was up .0% on a year-over-year basis. As a group, analysts predict that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Analyst Ratings Changes

DOMO has been the subject of a number of research reports. Morgan Stanley lowered their price objective 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 upped their price target on shares of Domo from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Thursday, May 22nd. Cowen reissued a “hold” rating on shares of Domo in a report on Thursday, May 22nd. Finally, Lake Street Capital restated a “hold” rating and set a $9.00 target price (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.