Squarepoint Ops LLC Acquires Shares of 17,872 Domo, Inc. (NASDAQ:DOMO)

Squarepoint Ops LLC purchased a new position in shares of Domo, Inc. (NASDAQ:DOMO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,872 shares of the company’s stock, valued at approximately $127,000.

Several other large investors have also modified their holdings of DOMO. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Domo in the fourth quarter valued at $47,000. Riggs Capital Management LLC purchased a new position in Domo during the fourth quarter worth about $85,000. SG Americas Securities LLC raised 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 worth $99,000 after purchasing an additional 2,247 shares during the period. Intech Investment Management LLC purchased a new position in shares of Domo in the 4th quarter worth about $103,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

DOMO has been the subject of a number of recent research reports. DA Davidson increased their target price on Domo from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Cantor Fitzgerald raised their price target on Domo from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Wall Street Zen raised Domo from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Lake Street Capital reaffirmed a “hold” rating and set a $9.00 target price (up previously from $8.50) on shares of Domo in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut their target price on Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.67.

Insiders Place Their Bets

In other Domo news, Director Daniel David Daniel III bought 120,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the acquisition, the director now directly owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. The trade was a 18.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua G. James acquired 77,300 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 116,600 shares in the company, valued at approximately $757,900. The trade was a 196.69% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.24% of the company’s stock.

Domo Price Performance

NASDAQ DOMO opened at $14.25 on Tuesday. The firm has a market cap of $569.15 million, a PE ratio of -6.51 and a beta of 1.84. Domo, Inc. has a one year low of $6.01 and a one year high of $14.83. The stock’s 50 day simple moving average is $9.12 and its 200 day simple moving average is $8.40.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The company had revenue of $80.11 million during the quarter, compared to analyst estimates of $77.75 million. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned ($0.33) EPS. As a group, equities analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.

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.