JPMorgan Chase & Co. Acquires 118,957 Shares of Domo, Inc. (NASDAQ:DOMO)

JPMorgan Chase & Co. lifted its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 643,062 shares of the company's stock after purchasing an additional 118,957 shares during the period. JPMorgan Chase & Co. owned 1.64% of Domo worth $4,553,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DOMO. Geode Capital Management LLC boosted its holdings in Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company's stock worth $5,704,000 after buying an additional 4,091 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Domo by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock worth $36,164,000 after acquiring an additional 36,029 shares in the last quarter. XTX Topco Ltd acquired a new position in Domo in the third quarter valued at about $97,000. Barclays PLC increased its holdings in shares of Domo by 56.8% in the third quarter. Barclays PLC now owns 79,611 shares of the company's stock worth $598,000 after acquiring an additional 28,838 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Domo during the fourth quarter worth about $217,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOMO has been the subject of several recent research reports. DA Davidson raised Domo to a "hold" rating in a research report on Monday, March 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. Morgan Stanley cut their price objective on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Cowen reiterated a "hold" rating on shares of Domo in a research note on Friday, March 7th. Finally, Lake Street Capital reduced 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.25.

Insider Transactions at Domo

In related news, CEO Joshua G. James purchased 77,300 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $6.50 per share, with a total value of $502,450.00. Following the acquisition, the chief executive officer now directly owns 116,600 shares of the company's stock, valued at approximately $757,900. This represents a 196.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Jolley sold 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the transaction, the director now owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.04% of the company's stock.

Domo Price Performance

Shares of Domo stock opened at $6.93 on Friday. The stock's 50-day moving average is $8.06 and its 200 day moving average is $8.01. Domo, Inc. has a one year low of $6.01 and a one year high of $10.15. The firm has a market cap of $276.78 million, a price-to-earnings ratio of -3.16 and a beta of 2.28.

Domo (NASDAQ:DOMO - Get Free Report) last announced 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 analyst estimates of $77.95 million. On average, sell-side analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

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.

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