Domo, Inc. (NASDAQ:DOMO) Shares Sold by 272 Capital LP

272 Capital LP decreased its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 62.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,465 shares of the company's stock after selling 258,999 shares during the quarter. 272 Capital LP owned 0.41% of Domo worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in Domo by 32.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company's stock worth $10,042,000 after purchasing an additional 317,388 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Domo by 17.0% during the second quarter. Bank of New York Mellon Corp now owns 124,571 shares of the company's stock worth $962,000 after buying an additional 18,135 shares during the period. Hsbc Holdings PLC increased its stake in shares of Domo by 45.4% during the second quarter. Hsbc Holdings PLC now owns 37,385 shares of the company's stock worth $289,000 after buying an additional 11,674 shares during the period. Quest Partners LLC raised its holdings in Domo by 291.9% in the third quarter. Quest Partners LLC now owns 13,700 shares of the company's stock valued at $103,000 after acquiring an additional 10,204 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Domo by 7.5% in the second quarter. Sei Investments Co. now owns 103,809 shares of the company's stock worth $801,000 after acquiring an additional 7,222 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOMO shares. JMP Securities reissued a "market outperform" rating and issued a $16.00 price objective on shares of Domo in a research report on Friday, December 6th. DA Davidson raised their price target on Domo from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. TD Cowen lifted their price target on Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 29th. Finally, Lake Street Capital increased their price objective on Domo from $8.00 to $9.50 and gave the company a "hold" rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.10.

Domo Price Performance

DOMO traded down $0.38 on Friday, reaching $7.34. The company had a trading volume of 297,197 shares, compared to its average volume of 375,278. The stock has a 50-day moving average price of $8.37 and a 200-day moving average price of $7.75. Domo, Inc. has a 1 year low of $6.11 and a 1 year high of $12.23.

Domo (NASDAQ:DOMO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to analysts' expectations of $77.56 million. The firm's revenue was down .1% 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 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.