Nuveen Asset Management LLC Has $2.05 Million Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

Nuveen Asset Management LLC trimmed its holdings in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,863 shares of the company's stock after selling 101,920 shares during the period. Nuveen Asset Management LLC owned about 0.74% of Domo worth $2,052,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DOMO. Occudo Quantitative Strategies LP raised its holdings in Domo by 74.9% during the fourth quarter. Occudo Quantitative Strategies LP now owns 47,508 shares of the company's stock worth $336,000 after acquiring an additional 20,339 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Domo by 14.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 284,202 shares of the company's stock worth $2,012,000 after purchasing an additional 36,741 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 282,943 shares in the last quarter. Northern Trust Corp raised its stake in shares of Domo by 5.8% during the 4th quarter. Northern Trust Corp now owns 327,599 shares of the company's stock worth $2,319,000 after purchasing an additional 17,962 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings 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. Institutional investors own 76.64% of the company's stock.

Domo Stock Up 2.4%

Shares of DOMO traded up $0.34 during trading hours on Friday, hitting $14.63. The company had a trading volume of 722,574 shares, compared to its average volume of 388,767. The business has a fifty day moving average of $8.99 and a 200-day moving average of $8.38. The firm has a market cap of $584.32 million, a price-to-earnings ratio of -6.68 and a beta of 1.67. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $14.82.

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

Insider Transactions at Domo

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DOMO shares. DA Davidson boosted their target price on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Cantor Fitzgerald boosted their price objective on shares of Domo from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Lake Street Capital reaffirmed a "hold" rating and issued a $9.00 target price (up from $8.50) on shares of Domo in a report on Thursday, May 22nd. Cowen reiterated a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price target on shares of Domo in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Domo currently has a consensus rating of "Hold" and a consensus target price of $10.67.

Domo Company 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.