Semanteon Capital Management LP Makes New Investment in Domo, Inc. (NASDAQ:DOMO)

Semanteon Capital Management LP acquired a new position in shares of Domo, Inc. (NASDAQ:DOMO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,995 shares of the company’s stock, valued at approximately $350,000. Semanteon Capital Management LP owned 0.09% of Domo at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DOMO. Bank of New York Mellon Corp raised its stake 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 worth $6,252,000 after purchasing an additional 509,111 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Domo by 28.2% during the 3rd quarter. Mackenzie Financial Corp now owns 20,444 shares of the company’s stock worth $194,000 after purchasing an additional 4,495 shares in the last quarter. Barclays PLC raised its stake in shares of Domo by 51.9% during the 3rd quarter. Barclays PLC now owns 34,049 shares of the company’s stock worth $333,000 after purchasing an additional 11,637 shares in the last quarter. Swiss National Bank raised its stake in shares of Domo by 3.8% during the 3rd quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $665,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Domo by 67.2% during the 3rd quarter. Crewe Advisors LLC now owns 12,149 shares of the company’s stock worth $119,000 after purchasing an additional 4,883 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Domo

In other Domo news, CEO Joshua G. James sold 107,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $9.38, for a total value of $1,003,660.00. Following the sale, the chief executive officer now owns 881,765 shares of the company’s stock, valued at approximately $8,270,955.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Domo news, CEO Joshua G. James sold 107,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $9.38, for a total value of $1,003,660.00. Following the sale, the chief executive officer now owns 881,765 shares of the company’s stock, valued at approximately $8,270,955.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daren Thayne sold 41,218 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $9.33, for a total value of $384,563.94. Following the completion of the sale, the executive vice president now directly owns 368,824 shares in the company, valued at approximately $3,441,127.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,056 shares of company stock valued at $1,911,367. Corporate insiders own 12.77% of the company’s stock.

Analyst Ratings Changes

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

Domo Price Performance

Shares of DOMO stock traded down $0.03 during trading on Friday, reaching $7.59. The company had a trading volume of 248,070 shares, compared to its average volume of 407,057. The firm’s 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $9.61. Domo, Inc. has a one year low of $7.24 and a one year high of $18.19. The company has a market capitalization of $288.65 million, a PE ratio of -3.61 and a beta of 2.32.

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

About Domo

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.