Palogic Value Management L.P. lessened its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,000 shares of the company's stock after selling 83,000 shares during the quarter. Domo makes up approximately 0.9% of Palogic Value Management L.P.'s holdings, making the stock its 28th largest holding. Palogic Value Management L.P. owned 0.87% of Domo worth $2,407,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Domo in the 4th quarter valued at $56,000. XTX Topco Ltd purchased a new stake in Domo during the 3rd quarter worth $97,000. SG Americas Securities LLC increased its position in shares of Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock worth $99,000 after acquiring an additional 2,247 shares during the last quarter. Quest Partners LLC raised its position in shares of Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company's stock valued at $103,000 after purchasing an additional 10,204 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Domo in the fourth quarter valued at $103,000. Institutional investors and hedge funds own 76.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on DOMO shares. JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price target on shares of Domo in a report on Friday, December 6th. Cowen restated a "hold" rating on shares of Domo in a research note on Friday, March 7th. Morgan Stanley increased their price target on Domo from $7.00 to $9.00 and gave the company 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 note on Monday, March 10th. Finally, Lake Street Capital decreased their price target on Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.42.
Read Our Latest Stock Report on DOMO
Domo Price Performance
Shares of Domo stock traded up $0.06 during trading on Wednesday, hitting $7.96. 165,842 shares of the company's stock traded hands, compared to its average volume of 358,784. Domo, Inc. has a twelve month low of $6.11 and a twelve month high of $10.15. The company has a market cap of $311.30 million, a PE ratio of -3.63 and a beta of 2.56. The firm's fifty day moving average price is $8.27 and its 200 day moving average price is $7.97.
Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) 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 analysts' expectations of $77.95 million. As a group, equities research analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.
Insider Activity at Domo
In related news, Director David R. Jolley sold 25,000 shares of the firm's 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 completion of the sale, the director now directly owns 255,743 shares in the company, valued at approximately $2,125,224.33. This trade represents a 8.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.04% of the stock is owned by insiders.
Domo Profile
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Free Report)
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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