Millennium Management LLC Sells 120,034 Shares of Domo, Inc. (NASDAQ:DOMO)

Millennium Management LLC lowered its position in Domo, Inc. (NASDAQ:DOMO - Free Report) by 71.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,018 shares of the company's stock after selling 120,034 shares during the period. Millennium Management LLC owned about 0.13% of Domo worth $347,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Domo in the 4th quarter worth approximately $47,000. Riggs Capital Management LLC bought a new position in shares of Domo in the fourth quarter worth approximately $85,000. SG Americas Securities LLC increased its stake in Domo by 19.1% in 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of Domo in the fourth quarter valued at about $103,000. Finally, Wells Fargo & Company MN boosted its stake 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 acquiring an additional 4,000 shares during the period. Institutional investors own 76.64% of the company's stock.

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James bought 77,300 shares of Domo stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the purchase, the chief executive officer now directly owns 116,600 shares in the company, valued at approximately $757,900. This trade represents a 196.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel David Daniel III bought 120,000 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the purchase, the director now directly owns 781,400 shares of the company's stock, valued at approximately $5,032,216. This trade represents a 18.14% increase in their position. The disclosure for this purchase can be found here. 15.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOMO. Cantor Fitzgerald boosted their price target on Domo from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Domo in a report on Thursday, May 22nd. DA Davidson upped their target price on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of Domo in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Domo currently has an average rating of "Hold" and a consensus price target of $10.67.

Domo Stock Performance

Shares of NASDAQ:DOMO traded up $0.20 on Thursday, reaching $13.77. The company's stock had a trading volume of 186,861 shares, compared to its average volume of 391,722. The company has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $8.48. Domo, Inc. has a 52-week low of $6.01 and a 52-week high of $14.83. The company has a market cap of $549.97 million, a P/E ratio of -6.29 and a beta of 1.84.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. The company's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, equities research analysts forecast 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.