272 Capital LP Cuts Stock Position in Domo, Inc. (NASDAQ:DOMO)

272 Capital LP decreased its holdings in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 87.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,586 shares of the company's stock after selling 364,878 shares during the quarter. 272 Capital LP owned 0.13% of Domo worth $387,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in Domo by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company's stock valued at $308,000 after acquiring an additional 2,091 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Domo by 51.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company's stock valued at $48,000 after purchasing an additional 2,100 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Domo by 7.5% during the 2nd quarter. Sei Investments Co. now owns 103,809 shares of the company's stock valued at $801,000 after buying an additional 7,222 shares in the last quarter. Quest Partners LLC lifted its position in Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company's stock worth $103,000 after buying an additional 10,204 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Domo by 45.4% in 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 in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO David R. Jolley bought 10,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $6.99 per share, with a total value of $69,900.00. Following the completion of the purchase, the chief financial officer now owns 291,465 shares of the company's stock, valued at approximately $2,037,340.35. The trade was a 3.55 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Domo from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Domo in a research report on Friday, August 30th. Finally, TD Cowen upped their price target on shares of Domo from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $9.80.

Domo Price Performance

DOMO stock traded up $0.08 during trading on Friday, reaching $9.36. The company had a trading volume of 90,946 shares, compared to its average volume of 218,992. The company has a market cap of $361.58 million, a P/E ratio of -4.33 and a beta of 2.43. Domo, Inc. has a 52 week low of $6.11 and a 52 week high of $12.23. The business has a 50 day moving average of $8.09 and a 200 day moving average of $7.67.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.21. The firm had revenue of $78.41 million during the quarter, compared to the consensus estimate of $76.60 million. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) EPS. Research analysts expect that Domo, Inc. will post -2.31 earnings per share 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.