Ameriprise Financial Inc. Has $23.28 Million Holdings in Domo, Inc. (NASDAQ:DOMO)

Ameriprise Financial Inc. increased its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,287,833 shares of the company's stock after buying an additional 282,943 shares during the quarter. Ameriprise Financial Inc. owned approximately 8.41% of Domo worth $23,278,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Domo by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock valued at $36,164,000 after buying an additional 36,029 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Domo in the fourth quarter worth $173,000. Semanteon Capital Management LP bought a new position in shares of Domo in the fourth quarter worth $217,000. JPMorgan Chase & Co. increased its position in shares of Domo by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company's stock worth $3,936,000 after purchasing an additional 12,494 shares during the period. Finally, Barclays PLC boosted its stake in Domo by 3.7% in the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after buying an additional 2,962 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Domo Stock Up 2.6%

Shares of DOMO stock traded up $0.23 during mid-day trading on Friday, reaching $8.97. 283,682 shares of the stock traded hands, compared to its average volume of 356,697. The stock's fifty day simple moving average is $7.92 and its two-hundred day simple moving average is $8.03. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15. The company has a market cap of $358.26 million, a price-to-earnings ratio of -4.10 and a beta of 1.67.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.26). The company had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. On average, equities research analysts anticipate that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Domo news, CEO Joshua G. James purchased 77,300 shares of the business's stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the acquisition, the chief executive officer now owns 116,600 shares of the company's stock, valued at approximately $757,900. This represents a 196.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel David Daniel III acquired 120,000 shares of Domo stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $6.44 per share, with a total value of $772,800.00. Following the transaction, the director now owns 781,400 shares in the company, valued at approximately $5,032,216. This trade represents a 18.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley reduced their price objective 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. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Lake Street Capital reduced their price objective on Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research note on Friday, March 7th. Finally, DA Davidson raised Domo to a "hold" rating in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Domo currently has an average rating of "Hold" and an average target price of $10.25.

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.