AIGH Capital Management LLC Purchases Shares of 751,583 Domo, Inc. (NASDAQ:DOMO)

AIGH Capital Management LLC acquired a new position in Domo, Inc. (NASDAQ:DOMO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 751,583 shares of the company's stock, valued at approximately $5,832,000. Domo comprises 2.4% of AIGH Capital Management LLC's investment portfolio, making the stock its 15th largest holding. AIGH Capital Management LLC owned approximately 1.88% of Domo as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DOMO. Bank of New York Mellon Corp increased its position in Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after purchasing an additional 1,826 shares during the period. Rhumbline Advisers boosted its stake in Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after buying an additional 2,369 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after purchasing an additional 2,705 shares during the period. Barclays PLC lifted its stake in Domo by 3.7% in the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock worth $584,000 after acquiring an additional 2,962 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Domo by 29.2% during the fourth 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 in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Insider Transactions at Domo

In related news, CEO Joshua G. James bought 13,025 shares of the company's stock in a transaction on Friday, June 20th. The shares were acquired 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 $13,758,843.28. The trade was a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cowen restated a "hold" rating on shares of Domo in a research report on Thursday, May 22nd. JMP Securities increased their target price on shares of Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $17.00 price objective on shares of Domo in a research note on Wednesday, June 25th. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Citigroup reiterated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Domo has a consensus rating of "Moderate Buy" and an average price target of $13.14.

Domo Stock Down 0.5%

Domo stock traded down $0.08 during mid-day trading on Tuesday, reaching $15.74. 175,909 shares of the company's stock were exchanged, compared to its average volume of 423,706. The business's fifty day simple moving average is $12.78 and its 200 day simple moving average is $9.58. The firm has a market capitalization of $633.30 million, a PE ratio of -8.34 and a beta of 1.84. Domo, Inc. has a one year low of $6.01 and a one year high of $16.57.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly 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 company had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. During the same quarter in the previous year, the business earned ($0.33) earnings per share. Domo's revenue was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current year.

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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