Nuveen Asset Management LLC Reduces Stake in Domo, Inc. (NASDAQ:DOMO)

Nuveen Asset Management LLC cut its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the 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 0.74% of Domo worth $2,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in shares of Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after buying an additional 282,943 shares during the period. CenterBook Partners LP acquired a new stake in shares of Domo during the fourth quarter worth about $1,586,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Domo in the fourth quarter valued at approximately $980,000. JPMorgan Chase & Co. grew its holdings in shares of Domo by 22.7% in the fourth quarter. JPMorgan Chase & Co. now owns 643,062 shares of the company's stock valued at $4,553,000 after purchasing an additional 118,957 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in 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 buying an additional 36,741 shares during the period. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of Domo in a report on Thursday, May 22nd. Cantor Fitzgerald lifted their price objective on Domo from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, Cowen reissued a "hold" rating on shares of Domo in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.67.

Insider Transactions at Domo

In other news, Director Daniel David Daniel III acquired 120,000 shares of the business's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the transaction, the director now owns 781,400 shares in the company, valued at $5,032,216. This represents a 18.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joshua G. James purchased 77,300 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $6.50 per share, with a total value of $502,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 116,600 shares of the company's stock, valued at $757,900. This represents a 196.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.24% of the company's stock.

Domo Price Performance

Shares of DOMO traded up $0.81 during mid-day trading on Thursday, reaching $14.49. The company's stock had a trading volume of 710,183 shares, compared to its average volume of 385,887. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $14.66. The stock has a market cap of $578.73 million, a PE ratio of -6.63 and a beta of 1.67. The company's 50 day moving average is $8.73 and its 200 day moving average is $8.30.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same period in the previous year, the business posted ($0.33) EPS. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domo, Inc. will post -2.1 EPS for the current fiscal year.

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.