D. E. Shaw & Co. Inc. Purchases 36,741 Shares of Domo, Inc. (NASDAQ:DOMO)

D. E. Shaw & Co. Inc. raised its position in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 284,202 shares of the company's stock after acquiring an additional 36,741 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.73% of Domo worth $2,012,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after acquiring an additional 282,943 shares in the last quarter. CenterBook Partners LP purchased a new stake in Domo in the 4th quarter valued at about $1,586,000. Arrowstreet Capital Limited Partnership purchased a new stake in Domo in the 4th quarter valued at about $980,000. JPMorgan Chase & Co. increased its stake in Domo by 22.7% in the 4th quarter. JPMorgan Chase & Co. now owns 643,062 shares of the company's stock valued at $4,553,000 after buying an additional 118,957 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in 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. Institutional investors own 76.64% of the company's stock.

Insider Buying and Selling

In other news, Director Daniel David Daniel III acquired 120,000 shares of the firm's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the completion of the transaction, the director now owns 781,400 shares of the company's stock, valued at $5,032,216. The trade was a 18.14% 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 David R. Jolley sold 25,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the transaction, the director now owns 255,743 shares in the company, valued at $2,125,224.33. The trade was a 8.90% decrease in their position. The disclosure for this sale can be found here. 14.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DOMO shares. Cantor Fitzgerald increased their price objective on shares of Domo from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday. DA Davidson raised their price target on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley decreased their price target 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. Cowen restated a "hold" rating on shares of Domo in a research note on Thursday. Finally, Lake Street Capital restated a "hold" rating and set a $9.00 price target (up previously from $8.50) on shares of Domo in a research note on Thursday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Domo presently has a consensus rating of "Hold" and a consensus target price of $10.67.

Domo Stock Up 4.6%

Shares of NASDAQ DOMO traded up $0.50 during mid-day trading on Friday, reaching $11.35. 1,530,272 shares of the company were exchanged, compared to its average volume of 371,469. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $11.68. The stock has a market capitalization of $453.32 million, a PE ratio of -5.18 and a beta of 1.67. The company's 50 day moving average price is $8.03 and its 200 day moving average price is $8.08.

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

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.