Arrowstreet Capital Limited Partnership Invests $980,000 in Domo, Inc. (NASDAQ:DOMO)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 138,436 shares of the company's stock, valued at approximately $980,000. Arrowstreet Capital Limited Partnership owned approximately 0.35% of Domo at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after buying an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Domo by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company's stock worth $308,000 after acquiring an additional 2,091 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Domo by 19.1% in the 4th 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. Geode Capital Management LLC raised its position in shares of Domo by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 759,353 shares of the company's stock valued at $5,704,000 after acquiring an additional 4,091 shares in the last quarter. Finally, Centiva Capital LP lifted its stake in Domo by 38.1% during the third quarter. Centiva Capital LP now owns 24,749 shares of the company's stock worth $186,000 after purchasing an additional 6,828 shares during the last quarter. Institutional investors own 76.64% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on DOMO shares. Lake Street Capital lowered their target price on shares of Domo from $9.50 to $8.50 and set a "hold" rating for the company 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 report on Monday, March 10th. Morgan Stanley lowered their target price on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Cowen reiterated a "hold" rating on shares of Domo 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.25.

Insider Buying and Selling

In other news, Director David R. Jolley sold 25,000 shares of the business'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 sale, the director now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel David Daniel III acquired 120,000 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $6.44 per share, with a total value of $772,800.00. Following the acquisition, the director now owns 781,400 shares of the company's stock, valued at approximately $5,032,216. This trade represents a 18.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by corporate insiders.

Domo Stock Performance

Shares of NASDAQ:DOMO traded down $0.35 on Thursday, hitting $6.78. The company's stock had a trading volume of 148,606 shares, compared to its average volume of 365,373. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $10.15. The stock's 50-day moving average is $8.13 and its two-hundred day moving average is $8.01. The company has a market capitalization of $270.79 million, a price-to-earnings ratio of -3.11 and a beta of 2.28.

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