Insider Buying: Domo, Inc. (NASDAQ:DOMO) CEO Buys 77,300 Shares of Stock

Domo, Inc. (NASDAQ:DOMO - Get Free Report) CEO Joshua G. James acquired 77,300 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $6.50 per share, with a total value of $502,450.00. Following the completion of the purchase, the chief executive officer now owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Domo Trading Down 0.3 %

DOMO traded down $0.02 during trading hours on Wednesday, hitting $7.49. The company's stock had a trading volume of 144,634 shares, compared to its average volume of 366,067. The stock has a market cap of $292.80 million, a price-to-earnings ratio of -3.36 and a beta of 2.28. The business's 50-day moving average price is $8.21 and its 200-day moving average price is $7.97. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $10.15.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on DOMO shares. Lake Street Capital lowered their price objective on Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research report on Friday, March 7th. Cowen reissued a "hold" rating on shares of Domo in a report on Friday, March 7th. DA Davidson raised shares of Domo to a "hold" rating in a report on Monday, March 10th. Morgan Stanley boosted their target price 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, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 target price on shares of Domo in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.42.

Institutional Investors Weigh In On Domo

Several institutional investors have recently modified their holdings of DOMO. Geode Capital Management LLC raised its holdings in 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 buying an additional 4,091 shares during the period. XTX Topco Ltd purchased a new position in Domo during the third quarter worth $97,000. FMR LLC increased its position in Domo by 20.6% during the third quarter. FMR LLC now owns 301,457 shares of the company's stock valued at $2,264,000 after acquiring an additional 51,494 shares during the last quarter. Barclays PLC raised its stake in shares of Domo by 56.8% in the third quarter. Barclays PLC now owns 79,611 shares of the company's stock valued at $598,000 after acquiring an additional 28,838 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Domo by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company's stock worth $3,936,000 after acquiring an additional 12,494 shares during the last quarter. 76.64% of the stock is owned by institutional investors.

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.