Daniel David Daniel III Buys 120,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO - Get Free Report) Director Daniel David Daniel III acquired 120,000 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were 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 represents a 18.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Domo Price Performance

Shares of Domo stock traded down $0.02 on Wednesday, reaching $7.49. 144,634 shares of the company traded hands, compared to its average volume of 366,067. The firm has a market capitalization of $292.80 million, a PE ratio of -3.36 and a beta of 2.28. The company has a 50 day moving average of $8.21 and a 200 day moving average of $7.97. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $10.15.

Domo (NASDAQ:DOMO - Get Free Report) last released its 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 analyst estimates of $77.95 million. As a group, analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

Institutional Trading of Domo

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Cowen reiterated a "hold" rating on shares of Domo in a report on Friday, March 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $11.00 price objective on shares of Domo in a report on Thursday, March 20th. Morgan Stanley upped their target price on shares of Domo from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. DA Davidson raised shares of Domo to a "hold" rating in a research report on Monday, March 10th. Finally, Lake Street Capital decreased their price objective 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. 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, the company currently has a consensus rating of "Hold" and an average target price of $10.42.

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.