GSA Capital Partners LLP Boosts Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

Key Points

• GSA Capital Partners LLP increased its stake in Domo, Inc. by 60.4% during the 1st quarter, owning approximately 0.18% of the company after acquiring additional shares.
• Domo CEO Joshua G. James acquired 13,025 shares of the company's stock for approximately $165,938.50, increasing his holdings to over 1 million shares.
• The company's shares opened at $16.11, and Domo reported an earnings per share of ($0.09), beating analysts' estimates for the last quarter.

GSA Capital Partners LLP increased its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,831 shares of the company's stock after acquiring an additional 27,811 shares during the period. GSA Capital Partners LLP owned approximately 0.18% of Domo worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Domo by 5.0% in the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after purchasing an additional 2,369 shares in the last quarter. Diversify Wealth Management LLC increased 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 worth $176,000 after buying an additional 2,705 shares during the period. Barclays PLC raised its holdings in Domo by 3.7% in the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after acquiring an additional 2,962 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock worth $125,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Rockwood Wealth Management LLC lifted its stake in Domo by 55.7% in the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after acquiring an additional 7,508 shares during the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domo

In other Domo news, CEO Joshua G. James bought 13,025 shares of the business's stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $12.74 per share, with a total value of $165,938.50. Following the acquisition, the chief executive officer directly 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.24% of the company's stock.

Domo Price Performance

Shares of DOMO opened at $16.11 on Monday. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $16.81. The stock has a market cap of $648.19 million, a PE ratio of -8.52 and a beta of 1.87. The firm has a fifty day moving average price of $14.16 and a 200 day moving average price of $10.22.

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

Analysts Set New Price Targets

DOMO has been the topic of a number of recent analyst reports. DA Davidson increased their price objective on shares of Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Morgan Stanley cut their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $17.00 price objective on shares of Domo in a report on Wednesday, June 25th. Finally, Lake Street Capital reissued a "hold" rating and set a $9.00 target price (up previously from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.14.

Domo 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.

Want to see what other hedge funds are holding DOMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domo, Inc. (NASDAQ:DOMO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.