CenterBook Partners LP Takes $1.59 Million Position in Domo, Inc. (NASDAQ:DOMO)

CenterBook Partners LP purchased a new position in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 224,020 shares of the company's stock, valued at approximately $1,586,000. CenterBook Partners LP owned 0.57% of Domo at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DOMO. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo in the fourth quarter worth $47,000. R Squared Ltd acquired a new position in shares of Domo during the fourth quarter valued at $56,000. Riggs Capital Management LLC acquired a new stake in Domo in the 4th quarter valued at about $85,000. XTX Topco Ltd acquired a new position in shares of Domo in the third quarter worth about $97,000. Finally, SG Americas Securities LLC raised its position in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after buying an additional 2,247 shares during the period. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Domo Price Performance

DOMO stock traded down $0.75 during trading on Wednesday, hitting $7.48. 102,176 shares of the company traded hands, compared to its average volume of 366,643. The stock's 50-day simple moving average is $8.15 and its 200 day simple moving average is $8.01. The company has a market cap of $298.75 million, a PE ratio of -3.42 and a beta of 2.28. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $10.15.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to analyst estimates of $77.95 million. Research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James acquired 77,300 shares of the company's stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the purchase, the chief executive officer now owns 116,600 shares of the company's stock, valued at approximately $757,900. This trade represents a 196.69 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel David Daniel III bought 120,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $6.44 per share, with a total value of $772,800.00. Following the transaction, the director now directly owns 781,400 shares in the company, valued at $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 insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on DOMO shares. Cowen reissued a "hold" rating on shares of Domo in a report on Friday, March 7th. DA Davidson upgraded shares of Domo to a "hold" rating in a report on Monday, March 10th. Morgan Stanley cut their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Lake Street Capital dropped their price target on shares of Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Domo presently has a consensus rating of "Hold" and a consensus target price of $10.25.

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.