Jacobs Levy Equity Management Inc. Sells 119,243 Shares of Domo, Inc. (NASDAQ:DOMO)

Jacobs Levy Equity Management Inc. trimmed its position in Domo, Inc. (NASDAQ:DOMO - Free Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 529,406 shares of the company's stock after selling 119,243 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.35% of Domo worth $3,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Domo by 56.8% during the third quarter. Barclays PLC now owns 79,611 shares of the company's stock worth $598,000 after buying an additional 28,838 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Domo by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company's stock valued at $3,936,000 after acquiring an additional 12,494 shares during the last quarter. SG Americas Securities LLC boosted its position in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after acquiring an additional 2,247 shares during the last quarter. R Squared Ltd acquired a new position in shares of Domo during the fourth quarter valued at about $56,000. Finally, Stoneridge Investment Partners LLC raised its holdings in shares of Domo by 73.3% during the fourth quarter. Stoneridge Investment Partners LLC now owns 32,570 shares of the company's stock valued at $231,000 after purchasing an additional 13,777 shares during the period. 76.64% of the stock is owned by institutional investors.

Domo Stock Down 0.5%

DOMO traded down $0.05 on Tuesday, hitting $8.67. The company's stock had a trading volume of 48,203 shares, compared to its average volume of 355,097. The company's 50 day simple moving average is $7.92 and its 200-day simple moving average is $8.03. The firm has a market cap of $346.08 million, a P/E ratio of -3.98 and a beta of 1.67. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $10.15.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. Equities analysts predict that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Domo

In other news, Director Daniel David Daniel III purchased 120,000 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $6.44 per share, with a total value of $772,800.00. Following the acquisition, the director now directly owns 781,400 shares in the company, valued at approximately $5,032,216. This trade represents a 18.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Jolley sold 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares of the company's stock, valued at approximately $2,125,224.33. The trade was a 8.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.04% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DOMO. DA Davidson upgraded shares of Domo to a "hold" rating in a report on Monday, March 10th. Morgan Stanley decreased their price objective 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. Cantor Fitzgerald reissued an "overweight" rating and set a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. Cowen reissued a "hold" rating on shares of Domo in a research report on Friday, March 7th. Finally, Lake Street Capital reduced their target price on shares of Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.25.

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.