Vanguard Group Inc. Has $36.16 Million Stake in Domo, Inc. (NASDAQ:DOMO)

Vanguard Group Inc. raised its stake in Domo, Inc. (NASDAQ:DOMO - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,107,851 shares of the company's stock after acquiring an additional 36,029 shares during the quarter. Vanguard Group Inc. owned about 13.06% of Domo worth $36,164,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DOMO. Charles Schwab Investment Management Inc. lifted its holdings in Domo by 7.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company's stock worth $2,009,000 after purchasing an additional 18,069 shares during the last quarter. FMR LLC increased its position in Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock worth $2,264,000 after buying an additional 51,494 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Domo by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company's stock worth $308,000 after buying an additional 2,091 shares in the last quarter. State Street Corp boosted its position in shares of Domo by 2.6% in the third quarter. State Street Corp now owns 750,371 shares of the company's stock valued at $5,635,000 after acquiring an additional 19,361 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Domo in the third quarter valued at about $97,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domo

In other news, Director Daniel David Daniel III bought 120,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $6.44 per share, for a total transaction of $772,800.00. Following the completion of the acquisition, the director now directly owns 781,400 shares in the company, valued at approximately $5,032,216. This represents a 18.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joshua G. James purchased 77,300 shares of the business's stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the transaction, the chief executive officer now directly owns 116,600 shares of the company's stock, valued at approximately $757,900. The trade was a 196.69 % increase in their position. The disclosure for this purchase can be found here. Insiders own 14.04% of the company's stock.

Domo Stock Down 2.8 %

Shares of DOMO stock traded down $0.20 during trading hours on Friday, hitting $6.93. 466,205 shares of the company's stock traded hands, compared to its average volume of 365,911. Domo, Inc. has a 12 month low of $6.01 and a 12 month high of $10.15. The stock has a market cap of $276.78 million, a PE ratio of -3.16 and a beta of 2.28. The stock's 50 day simple moving average is $8.06 and its 200 day simple moving average is $8.00.

Domo (NASDAQ:DOMO - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported ($0.44) 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. As a group, equities research analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

DOMO has been the topic of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. DA Davidson raised Domo to a "hold" rating in a report on Monday, March 10th. Cowen reissued a "hold" rating on shares of Domo in a report on Friday, March 7th. Morgan Stanley dropped their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Lake Street Capital reduced their price objective on shares of Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $10.25.

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.