Domo, Inc. (NASDAQ:DOMO) Director David R. Jolley Sells 25,000 Shares

Domo, Inc. (NASDAQ:DOMO - Get Free Report) Director David R. Jolley sold 25,000 shares of Domo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now owns 255,743 shares of the company's stock, valued at approximately $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Domo Stock Up 1.5 %

NASDAQ:DOMO traded up $0.13 during trading hours on Tuesday, hitting $8.66. 343,363 shares of the company's stock traded hands, compared to its average volume of 355,831. The firm has a market cap of $338.68 million, a P/E ratio of -3.95 and a beta of 2.56. Domo, Inc. has a 52 week low of $6.11 and a 52 week high of $10.15. The business's fifty day simple moving average is $7.97 and its two-hundred day simple moving average is $7.89.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly 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 business had revenue of $78.77 million during the quarter, compared to analysts' expectations of $77.95 million. On average, analysts expect that Domo, Inc. will post -2.1 EPS for the current year.

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Institutional Investors Weigh In On Domo

Several hedge funds have recently added to or reduced their stakes in DOMO. Bank of New York Mellon Corp lifted its stake in shares of Domo by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after acquiring an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 valued at $308,000 after acquiring an additional 2,091 shares during the last quarter. SG Americas Securities LLC lifted its stake 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. Barclays PLC lifted its stake in shares of Domo by 3.7% in the 4th quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after acquiring an additional 2,962 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DOMO. JMP Securities reiterated a "market outperform" rating and issued a $16.00 price target on shares of Domo in a research report on Friday, December 6th. DA Davidson upgraded Domo to a "hold" rating in a research report on Monday, March 10th. Cowen reiterated a "hold" rating on shares of Domo in a research report on Friday, March 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of Domo in a research report on Friday, March 7th. Finally, TD Cowen lifted their price objective on Domo from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, November 29th. Five 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 currently has an average rating of "Hold" and an average price target 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.