Domo, Inc. (NASDAQ:DOMO) Shares Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in Domo, Inc. by 63.5%, now owning 124,433 shares valued at approximately $966,000.
• CEO Joshua G. James purchased 13,025 shares of Domo stock for about $165,939, increasing his total holdings to over 1 million shares.
• Domo reported earnings of ($0.09) per share, exceeding analysts' expectations and reflected a revenue of $80.11 million for the quarter.

Mackenzie Financial Corp increased its position in Domo, Inc. (NASDAQ:DOMO - Free Report) by 63.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,433 shares of the company's stock after acquiring an additional 48,316 shares during the quarter. Mackenzie Financial Corp owned about 0.31% of Domo worth $966,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of 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 buying an additional 4,000 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Domo in the fourth quarter valued at $127,000. Rockwood Wealth Management LLC grew its holdings in shares of Domo by 55.7% in the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock valued at $163,000 after purchasing an additional 7,508 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in 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. Finally, Raymond James Financial Inc. purchased a new position in Domo during the fourth quarter worth $173,000. Hedge funds and other institutional investors own 76.64% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson lifted their price objective on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Lake Street Capital restated a "hold" rating and issued a $9.00 price objective (up from $8.50) on shares of Domo in a report on Thursday, May 22nd. Citigroup reiterated an "outperform" rating on shares of Domo in a research note on Wednesday, June 25th. Stephens initiated coverage on Domo in a research note on Friday, July 18th. They issued an "overweight" rating and a $19.00 target price on the stock. Finally, Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domo presently has a consensus rating of "Moderate Buy" and an average price target of $13.14.

Insider Buying and Selling

In other news, CEO Joshua G. James bought 13,025 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $12.74 per share, for a total transaction of $165,938.50. Following the completion of the transaction, the chief executive officer directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.24% of the stock is currently owned by corporate insiders.

Domo Trading Down 2.3%

Shares of DOMO stock traded down $0.37 during trading hours on Friday, reaching $15.97. 662,990 shares of the company's stock were exchanged, compared to its average volume of 661,058. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $16.95. The stock has a market cap of $642.63 million, a PE ratio of -8.45 and a beta of 1.87. The stock's fifty day moving average price is $14.55 and its two-hundred day moving average price is $10.49.

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