GSA Capital Partners LLP Has $328,000 Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

GSA Capital Partners LLP decreased its position in Domo, Inc. (NASDAQ:DOMO - Free Report) by 56.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,703 shares of the company's stock after selling 55,692 shares during the period. GSA Capital Partners LLP owned about 0.11% of Domo worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Domo during the first quarter valued at approximately $45,000. Harbor Capital Advisors Inc. grew its holdings in shares of Domo by 51.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company's stock valued at $48,000 after acquiring an additional 2,100 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Domo in the third quarter worth $88,000. Rockwood Wealth Management LLC purchased a new stake in shares of Domo during the second quarter worth $104,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Domo during the first quarter valued at $121,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOMO. DA Davidson boosted their price target on Domo from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. TD Cowen lifted their price objective on shares of Domo from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Domo in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.60.

Insider Buying and Selling at Domo

In other news, CFO David R. Jolley bought 10,000 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $6.99 per share, with a total value of $69,900.00. Following the acquisition, the chief financial officer now owns 291,465 shares in the company, valued at $2,037,340.35. This trade represents a 3.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.04% of the company's stock.

Domo Price Performance

Shares of NASDAQ DOMO traded up $0.37 during trading hours on Friday, hitting $9.45. 256,417 shares of the company's stock were exchanged, compared to its average volume of 233,129. The stock has a market capitalization of $365.05 million, a price-to-earnings ratio of -4.37 and a beta of 2.43. The company's 50-day moving average price is $7.87 and its 200-day moving average price is $7.59. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $12.23.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.21. The company had revenue of $78.41 million during the quarter, compared to the consensus estimate of $76.60 million. Domo's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned ($0.44) earnings per share. On average, research analysts expect that Domo, Inc. will post -2.31 earnings per share for the current year.

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.