CenterBook Partners LP Has $1.01 Million Position in Domo, Inc. (NASDAQ:DOMO)

CenterBook Partners LP lowered its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 42.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,743 shares of the company's stock after selling 94,277 shares during the quarter. CenterBook Partners LP owned approximately 0.32% of Domo worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Domo during the 4th quarter valued at about $47,000. Riggs Capital Management LLC purchased a new position in Domo during the 4th quarter valued at about $85,000. Intech Investment Management LLC purchased a new position in Domo during the 4th quarter valued at about $103,000. Wells Fargo & Company MN grew its stake in Domo by 29.2% during 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 in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Domo during the 4th quarter valued at about $127,000. Hedge funds and other institutional investors own 76.64% of the company's stock.

Wall Street Analyst Weigh In

DOMO has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $17.00 price target on shares of Domo in a research note on Wednesday, June 25th. Morgan Stanley lowered their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Citigroup reissued an "outperform" rating on shares of Domo in a research note on Wednesday, June 25th. Finally, JMP Securities boosted their price target on Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.17.

Domo Stock Up 3.8%

NASDAQ:DOMO traded up $0.53 during trading hours on Thursday, reaching $14.36. The company had a trading volume of 420,305 shares, compared to its average volume of 417,069. The stock has a 50-day moving average of $12.61 and a two-hundred day moving average of $9.48. Domo, Inc. has a one year low of $6.01 and a one year high of $15.42. The firm has a market capitalization of $577.85 million, a PE ratio of -7.60 and a beta of 1.84.

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, beating the consensus estimate of ($0.19) by $0.10. The firm had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same period last year, the company earned ($0.33) EPS. The company's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.

Insiders Place Their Bets

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

About Domo

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.