Domo, Inc. (NASDAQ:DOMO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in Domo, Inc. (NASDAQ:DOMO) by 35.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,941 shares of the company’s stock after selling 11,902 shares during the period. XTX Topco Ltd owned approximately 0.05% of Domo worth $170,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Domo by 5.0% in the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company’s stock valued at $385,000 after acquiring an additional 2,369 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Domo by 13.2% in the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company’s stock valued at $176,000 after acquiring an additional 2,705 shares during the last quarter. Barclays PLC raised its holdings in Domo by 3.7% in the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock valued at $584,000 after acquiring an additional 2,962 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock valued at $125,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Rockwood Wealth Management LLC raised its holdings in Domo by 55.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company’s stock valued at $163,000 after acquiring an additional 7,508 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Stock Performance

NASDAQ:DOMO opened at $14.40 on Thursday. The stock has a market capitalization of $579.46 million, a P/E ratio of -7.62 and a beta of 1.87. The company has a 50 day moving average price of $14.61 and a 200 day moving average price of $10.63. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $16.95.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.33) EPS. Research analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DOMO has been the subject of a number of recent research reports. Lake Street Capital reiterated a “hold” rating and issued a $9.00 price objective (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Morgan Stanley dropped 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. JMP Securities increased their price target on shares of Domo from $16.00 to $20.00 and gave the company a “market outperform” rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Domo from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, Cowen reissued a “hold” rating on shares of Domo in a research note on Thursday, May 22nd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.14.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James acquired 13,025 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $12.74 per share, with a total value of $165,938.50. Following the transaction, the chief executive officer owned 1,079,972 shares of the company’s stock, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.24% of the company’s stock.

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.