Domo, Inc. (NASDAQ:DOMO) Shares Sold by Millennium Management LLC

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOMO. D. E. Shaw & Co. Inc. grew its stake in shares of Domo by 14.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 284,202 shares of the company's stock valued at $2,012,000 after buying an additional 36,741 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock worth $23,278,000 after acquiring an additional 282,943 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Domo by 5.8% in the 4th quarter. Northern Trust Corp now owns 327,599 shares of the company's stock valued at $2,319,000 after buying an additional 17,962 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Domo by 21.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,104 shares of the company's stock valued at $398,000 after buying an additional 10,039 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Domo by 163.0% during the 4th quarter. XTX Topco Ltd now owns 33,843 shares of the company's stock worth $240,000 after acquiring an additional 20,977 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DOMO shares. Lake Street Capital reissued a "hold" rating and issued a $9.00 target price (up from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Cantor Fitzgerald lifted their price target on Domo from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. DA Davidson lifted their price target on Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of Domo in a research report on Thursday, May 22nd. Finally, Cowen restated a "hold" rating on shares of Domo in a research report on Thursday, May 22nd. Five equities 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.67.

Domo Stock Down 4.7%

DOMO stock traded down $0.65 during trading on Friday, hitting $13.04. The company had a trading volume of 562,516 shares, compared to its average volume of 394,877. The firm has a market cap of $520.82 million, a PE ratio of -5.95 and a beta of 1.84. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $14.83. The firm has a 50-day moving average price of $9.63 and a 200-day moving average price of $8.53.

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

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James bought 77,300 shares of the company's stock in a transaction on Friday, April 4th. The shares were bought at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the transaction, the chief executive officer now owns 116,600 shares of the company's stock, valued at approximately $757,900. This trade represents a 196.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel David Daniel III bought 120,000 shares of the company's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the transaction, the director now directly owns 781,400 shares in the company, valued at $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 currently owned by insiders.

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.