Domo, Inc. (NASDAQ:DOMO) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 22.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,062 shares of the company's stock after purchasing an additional 118,957 shares during the quarter. JPMorgan Chase & Co. owned 1.64% of Domo worth $4,553,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Domo by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock valued at $36,164,000 after acquiring an additional 36,029 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Domo in the 4th quarter worth about $210,000. Semanteon Capital Management LP acquired a new position in shares of Domo during the 4th quarter valued at $217,000. Intech Investment Management LLC acquired a new stake in shares of Domo in the fourth quarter valued at $103,000. Finally, Raymond James Financial Inc. bought a new stake in Domo during the fourth quarter worth approximately $173,000. Institutional investors and hedge funds own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DOMO shares. Lake Street Capital cut their target price on shares of Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 price objective on shares of Domo in a research report on Thursday, March 20th. DA Davidson raised shares of Domo to a "hold" rating in a research note on Monday, March 10th. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Friday, March 7th. Finally, Morgan Stanley dropped their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.25.

Insider Activity at Domo

In other news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $8.31, for a total transaction of $207,750.00. Following the transaction, the director now directly owns 255,743 shares of the company's stock, valued at $2,125,224.33. The trade was a 8.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua G. James bought 77,300 shares of the firm's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the purchase, the chief executive officer now owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is owned by company insiders.

Domo Trading Up 2.9 %

NASDAQ DOMO traded up $0.20 during trading on Thursday, reaching $7.03. The company's stock had a trading volume of 81,617 shares, compared to its average volume of 363,971. The firm has a 50 day moving average price of $7.93 and a 200 day moving average price of $7.99. The firm has a market capitalization of $280.66 million, a price-to-earnings ratio of -3.22 and a beta of 2.28. 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) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. On average, equities analysts forecast that Domo, Inc. will post -2.1 EPS for the current fiscal year.

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.