Domo, Inc. (NASDAQ:DOMO) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,331 shares of the company's stock after selling 32,096 shares during the quarter. Deutsche Bank AG owned approximately 0.35% of Domo worth $972,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Domo in the fourth quarter valued at approximately $47,000. R Squared Ltd acquired a new position in shares of Domo during the 4th quarter worth approximately $56,000. Riggs Capital Management LLC acquired a new position in shares of Domo during the 4th quarter worth approximately $85,000. SG Americas Securities LLC raised its stake in shares of Domo by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock worth $99,000 after buying an additional 2,247 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Domo during the 4th quarter worth approximately $103,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DOMO shares. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Thursday, May 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of Domo in a research note on Thursday, May 22nd. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Cantor Fitzgerald upped their target price on Domo from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note 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 note on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.67.

Domo Trading Down 0.3%

DOMO stock traded down $0.04 during midday trading on Friday, reaching $12.59. The stock had a trading volume of 455,810 shares, compared to its average volume of 378,887. The company's fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.18. The company has a market cap of $502.64 million, a price-to-earnings ratio of -5.74 and a beta of 1.67. Domo, Inc. has a 52-week low of $6.01 and a 52-week high of $13.28.

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

Insiders Place Their Bets

In related news, Director David R. Jolley sold 25,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now directly owns 255,743 shares of the company's stock, valued at approximately $2,125,224.33. This trade represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua G. James acquired 77,300 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $6.50 per share, with a total value of $502,450.00. Following the completion of the transaction, the chief executive officer now directly owns 116,600 shares in the company, valued at approximately $757,900. The trade was a 196.69% increase in their position. The disclosure for this purchase can be found here. Corporate 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.