Domo, Inc. (NASDAQ:DOMO) CFO Sells $102,000.00 in Stock

Domo, Inc. (NASDAQ:DOMO) CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the sale, the chief financial officer now owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Domo Stock Down 2.8 %

Shares of NASDAQ DOMO traded down $0.24 on Friday, hitting $8.29. The company had a trading volume of 297,337 shares, compared to its average volume of 390,102. The business has a 50 day moving average of $10.21 and a two-hundred day moving average of $9.74. The firm has a market capitalization of $315.27 million, a P/E ratio of -3.95 and a beta of 2.32. Domo, Inc. has a 12-month low of $7.78 and a 12-month high of $18.19.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The business had revenue of $80.18 million during the quarter, compared to analysts’ expectations of $79.46 million. On average, sell-side analysts anticipate that Domo, Inc. will post -2 earnings per share for the current year.

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently modified their holdings of DOMO. Ameriprise Financial Inc. lifted its position in shares of Domo by 87.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,771,998 shares of the company’s stock valued at $17,383,000 after acquiring an additional 828,342 shares during the last quarter. BlackRock Inc. lifted its position in shares of Domo by 32.2% during the 3rd quarter. BlackRock Inc. now owns 3,220,147 shares of the company’s stock valued at $57,932,000 after acquiring an additional 783,905 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Domo by 27.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,290,877 shares of the company’s stock valued at $59,203,000 after acquiring an additional 716,379 shares during the last quarter. Millennium Management LLC lifted its position in shares of Domo by 118.4% during the 4th quarter. Millennium Management LLC now owns 1,011,895 shares of the company’s stock valued at $14,409,000 after acquiring an additional 548,531 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Domo by 397.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 637,262 shares of the company’s stock valued at $6,252,000 after acquiring an additional 509,111 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and set a $10.00 price target on shares of Domo in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Domo has an average rating of “Hold” and a consensus target price of $15.60.

About Domo

Domo, Inc 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 from smartphones.