Atom Investors LP Sells 66,110 Shares of Domo, Inc. (NASDAQ:DOMO)

Atom Investors LP trimmed its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 51.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,384 shares of the company's stock after selling 66,110 shares during the period. Atom Investors LP owned 0.16% of Domo worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DOMO. Vanguard Group Inc. lifted its holdings in shares of Domo by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company's stock worth $43,050,000 after acquiring an additional 108,200 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 317,388 shares during the period. 272 Capital LP lifted its holdings in shares of Domo by 52.1% during the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company's stock worth $3,215,000 after acquiring an additional 142,609 shares during the period. FMR LLC lifted its holdings in shares of Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock worth $2,264,000 after acquiring an additional 51,494 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Domo by 7.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company's stock worth $2,009,000 after acquiring an additional 18,069 shares during the period. 76.64% of the stock is owned by institutional investors and hedge funds.

Domo Trading Down 2.4 %

NASDAQ:DOMO traded down $0.24 on Thursday, hitting $9.74. 466,523 shares of the company's stock traded hands, compared to its average volume of 370,529. Domo, Inc. has a 1 year low of $6.11 and a 1 year high of $12.23. The firm has a 50-day moving average price of $8.26 and a 200-day moving average price of $7.72.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to analyst estimates of $77.56 million. Domo's revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Domo, Inc. will post -2.31 earnings per share for the current fiscal year.

Insider Transactions at Domo

In related news, CFO David R. Jolley purchased 10,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $69,900.00. Following the completion of the transaction, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.04% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DOMO. DA Davidson raised their price target on shares of Domo from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. TD Cowen lifted their price objective on shares of Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of Domo in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.80.

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.