Squarepoint Ops LLC Buys New Shares in Domo, Inc. (NASDAQ:DOMO)

Squarepoint Ops LLC purchased a new stake in Domo, Inc. (NASDAQ:DOMO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,872 shares of the company's stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DOMO. SG Americas Securities LLC increased its holdings in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after purchasing an additional 2,247 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after purchasing an additional 1,826 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Domo in the fourth quarter valued at approximately $173,000. Intech Investment Management LLC acquired a new stake in shares of Domo in the fourth quarter valued at approximately $103,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Domo in the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 76.64% of the company's stock.

Insider Transactions at Domo

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

Analyst Upgrades and Downgrades

DOMO has been the subject of several recent research reports. Cowen reaffirmed a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Cantor Fitzgerald increased their price target on Domo from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley cut their target price on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Domo in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Domo presently has a consensus rating of "Hold" and an average target price of $10.67.

Domo Trading Down 4.7%

DOMO stock traded down $0.65 during midday trading on Friday, hitting $13.04. 562,516 shares of the company's stock were exchanged, compared to its average volume of 394,322. The business has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $8.51. The stock has a market capitalization 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.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.10. The firm had revenue of $80.11 million for the quarter, compared to analysts' expectations of $77.75 million. During the same quarter in the prior year, the business earned ($0.33) earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. As a group, research 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.