Domo, Inc. $DOMO Shares Acquired by Capital Research Global Investors

Capital Research Global Investors increased its holdings in Domo, Inc. (NASDAQ:DOMO) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,975,558 shares of the company’s stock after acquiring an additional 225,558 shares during the quarter. Capital Research Global Investors owned approximately 7.12% of Domo worth $25,084,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Domo in the 2nd quarter valued at $42,000. Global Wealth Strategies & Associates acquired a new position in shares of Domo in the 4th quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in Domo in the 2nd quarter valued at $122,000. Creative Planning increased its stake in Domo by 23.2% in the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after buying an additional 2,889 shares during the period. Finally, Versor Investments LP acquired a new position in Domo in the 4th quarter valued at $137,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DOMO shares. TD Cowen dropped their price objective on shares of Domo from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday. Stephens dropped their price objective on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Cantor Fitzgerald dropped their price objective on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Finally, Lake Street Capital dropped their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.42.

Insider Activity at Domo

In other Domo news, insider Rpd Fund Management Llc sold 39,034 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $4.46, for a total transaction of $174,091.64. Following the sale, the insider directly owned 4,187,809 shares in the company, valued at approximately $18,677,628.14. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 1,350,626 shares of company stock worth $3,785,484. 13.25% of the stock is currently owned by insiders.

Domo Stock Performance

Shares of NASDAQ DOMO opened at $3.29 on Wednesday. The firm has a market capitalization of $148.54 million, a P/E ratio of -2.27 and a beta of 1.78. Domo, Inc. has a one year low of $2.39 and a one year high of $18.49. The company’s fifty day moving average is $3.50 and its two-hundred day moving average is $5.55.

Domo (NASDAQ:DOMO) last issued its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. The business’s revenue for the quarter was up 1% compared to the same quarter last year. On average, sell-side analysts forecast that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.