Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James Buys 13,025 Shares

Domo, Inc. (NASDAQ:DOMO - Get Free Report) CEO Joshua G. James acquired 13,025 shares of the company's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $12.74 per share, with a total value of $165,938.50. Following the acquisition, the chief executive officer now directly owns 1,079,972 shares in the company, valued at approximately $13,758,843.28. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Domo Trading Down 4.3%

Shares of NASDAQ:DOMO opened at $12.16 on Tuesday. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $14.83. The business has a 50-day moving average price of $10.20 and a 200 day moving average price of $8.67. The company has a market capitalization of $489.32 million, a price-to-earnings ratio of -6.43 and a beta of 1.83.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping 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. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.33) EPS. As a group, equities research analysts predict that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DOMO. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Thursday, May 22nd. Morgan Stanley dropped 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. Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Domo in a report on Thursday, May 22nd. Finally, Lake Street Capital reaffirmed a "hold" rating and set a $9.00 target price (up from $8.50) on shares of Domo in a research 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.67.

Hedge Funds Weigh In On Domo

Institutional investors have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo during the fourth quarter worth approximately $47,000. Riggs Capital Management LLC purchased a new position in Domo in the 4th quarter valued at approximately $85,000. Intech Investment Management LLC purchased a new stake in shares of Domo in the 4th quarter worth about $103,000. Wells Fargo & Company MN grew its position in shares of Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Domo during the fourth quarter worth $127,000. 76.64% of the stock is owned by institutional investors and hedge funds.

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.

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