Insider Buying: Domo, Inc. (NASDAQ:DOMO) CEO Acquires 13,025 Shares of Stock

Domo, Inc. (NASDAQ:DOMO - Get Free Report) CEO Joshua G. James purchased 13,025 shares of the business'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 of the company's stock, valued at $13,758,843.28. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Domo Stock Down 0.3%

DOMO stock traded down $0.04 during mid-day trading on Friday, hitting $13.85. The company had a trading volume of 520,733 shares, compared to its average volume of 401,458. The company has a 50-day moving average price of $10.54 and a 200 day moving average price of $8.76. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $14.83. The company has a market capitalization of $557.48 million, a price-to-earnings ratio of -7.34 and a beta of 1.84.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DOMO shares. DA Davidson boosted their price objective on Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Morgan Stanley reduced 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 restated an "overweight" rating and set a $17.00 target price on shares of Domo in a research note on Wednesday. Lake Street Capital reaffirmed a "hold" rating and issued a $9.00 target price (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Finally, Cowen reissued a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Domo has an average rating of "Hold" and an average target price of $12.17.

Institutional Trading of Domo

A number of large investors have recently added to or reduced their stakes in DOMO. Rockwood Wealth Management LLC grew its holdings in shares of Domo by 55.7% in the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock valued at $163,000 after purchasing an additional 7,508 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $36,164,000 after buying an additional 36,029 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Domo in the 4th quarter worth about $173,000. Squarepoint Ops LLC purchased a new stake in shares of Domo during the 4th quarter valued at about $127,000. Finally, Connective Capital Management LLC bought a new position in shares of Domo in the 4th quarter valued at about $315,000. Institutional investors own 76.64% 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.