Domo, Inc. (NASDAQ:DOMO) Shares Acquired by GSA Capital Partners LLP

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 raised its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,831 shares of the company's stock after acquiring an additional 27,811 shares during the quarter. GSA Capital Partners LLP owned about 0.18% of Domo worth $573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Domo during the fourth quarter worth $173,000. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 36,029 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 118,957 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Domo in the 4th quarter valued at about $980,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Domo by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 770,810 shares of the company's stock worth $5,458,000 after buying an additional 11,457 shares during the period. 76.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Joshua G. James purchased 13,025 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $12.74 per share, with a total value of $165,938.50. Following the completion of the acquisition, the chief executive officer owned 1,079,972 shares of the company's stock, valued at approximately $13,758,843.28. This represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.24% of the company's stock.

Wall Street Analyst Weigh In

DOMO has been the subject of several analyst reports. Lake Street Capital reiterated a "hold" rating and issued a $9.00 price objective (up previously from $8.50) on shares of Domo in a research note on Thursday, May 22nd. Morgan Stanley lowered their price objective on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Stephens began coverage on shares of Domo in a report on Friday, July 18th. They set an "overweight" rating and a $19.00 target price on the stock. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $17.00 price target on shares of Domo in a research note on Wednesday, June 25th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.14.

Domo Stock Down 2.1%

NASDAQ:DOMO traded down $0.35 during mid-day trading on Thursday, hitting $16.03. 458,538 shares of the stock traded hands, compared to its average volume of 513,937. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $16.95. The stock has a market capitalization of $644.89 million, a price-to-earnings ratio of -8.50 and a beta of 1.87. The firm's 50 day moving average is $14.41 and its two-hundred day moving average is $10.37.

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

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.