Domo, Inc. (NASDAQ:DOMO) Stock Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Domo, Inc. (NASDAQ:DOMO) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,818 shares of the company’s stock after purchasing an additional 1,374 shares during the period. Mackenzie Financial Corp owned 0.06% of Domo worth $225,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Domo by 4.4% in the third quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock worth $44,581,000 after acquiring an additional 190,496 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Domo by 397.3% in the third 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. Acadian Asset Management LLC increased its position in Domo by 11.6% during the third quarter. Acadian Asset Management LLC now owns 628,201 shares of the company’s stock worth $6,157,000 after buying an additional 65,227 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Domo by 37.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock valued at $6,068,000 after buying an additional 167,937 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Domo by 290.4% in the third quarter. CenterBook Partners LP now owns 420,358 shares of the company’s stock worth $4,124,000 after buying an additional 312,679 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Joshua G. James sold 107,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $9.38, for a total transaction of $1,003,660.00. Following the completion of the transaction, the chief executive officer now directly owns 881,765 shares in the company, valued at approximately $8,270,955.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Joshua G. James sold 107,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $9.38, for a total value of $1,003,660.00. Following the completion of the sale, the chief executive officer now owns 881,765 shares in the company, valued at $8,270,955.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the transaction, the chief financial officer now directly owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,056 shares of company stock valued at $1,911,367. 12.77% of the stock is owned by company insiders.

Domo Price Performance

Shares of DOMO opened at $7.59 on Monday. The company has a market capitalization of $288.65 million, a PE ratio of -3.61 and a beta of 2.32. Domo, Inc. has a one year low of $7.24 and a one year high of $18.19. The company’s fifty day moving average price is $9.43 and its 200 day moving average price is $9.60.

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

Wall Street Analysts Forecast Growth

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

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.