Semanteon Capital Management LP Acquires New Shares in Domo, Inc. (NASDAQ:DOMO)

Semanteon Capital Management LP acquired a new position in Domo, Inc. (NASDAQ:DOMO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,587 shares of the company's stock, valued at approximately $217,000. Semanteon Capital Management LP owned approximately 0.08% of Domo at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Domo in the 4th quarter valued at approximately $103,000. Raymond James Financial Inc. bought a new position in Domo during the 4th quarter valued at $173,000. Bank of New York Mellon Corp grew its holdings in Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock worth $622,000 after acquiring an additional 1,826 shares in the last quarter. Stoneridge Investment Partners LLC grew its holdings in Domo by 73.3% during the 4th quarter. Stoneridge Investment Partners LLC now owns 32,570 shares of the company's stock worth $231,000 after acquiring an additional 13,777 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Domo in the 4th quarter worth about $56,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Stock Performance

Shares of NASDAQ:DOMO traded down $0.42 during trading on Thursday, reaching $8.26. The company had a trading volume of 204,220 shares, compared to its average volume of 353,996. Domo, Inc. has a twelve month low of $6.11 and a twelve month high of $10.15. The firm has a market capitalization of $323.03 million, a PE ratio of -3.77 and a beta of 2.56. The firm's fifty day moving average is $8.21 and its 200 day moving average is $7.94.

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

Insider Activity

In other Domo news, Director David R. Jolley sold 25,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total value of $207,750.00. Following the transaction, the director now owns 255,743 shares of the company's stock, valued at approximately $2,125,224.33. This represents a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DOMO. TD Cowen lifted their price target on Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Friday, November 29th. Lake Street Capital decreased their target price on Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research report on Friday, March 7th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Morgan Stanley lifted their price objective on shares of Domo from $7.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. Finally, Cowen reissued a "hold" rating on shares of Domo in a 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.42.

About Domo

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.