Insider Buying: Domo, Inc. (NASDAQ:DOMO) Director Purchases 150,000 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) Director Daniel David Daniel III purchased 150,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of $6.69 per share, with a total value of $1,003,500.00. Following the transaction, the director now owns 411,400 shares of the company’s stock, valued at $2,752,266. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Daniel David Daniel III also recently made the following trade(s):

• On Thursday, June 20th, Daniel David Daniel III purchased 150,000 shares of Domo stock. The stock was acquired at an average price of $6.87 per share, for a total transaction of $1,030,500.00.

Domo Trading Down 1.9 %

Domo stock opened at $6.77 on Monday. The stock has a fifty day moving average price of $7.18 and a 200 day moving average price of $9.06. Domo, Inc. has a 52 week low of $6.11 and a 52 week high of $18.19. The firm has a market capitalization of $258.41 million, a P/E ratio of -3.22 and a beta of 2.33.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The firm had revenue of $80.10 million for the quarter, compared to the consensus estimate of $79.57 million. As a group, equities analysts predict that Domo, Inc. will post -2.4 EPS for the current year.

Analyst Ratings Changes

DOMO has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research note on Thursday. TD Cowen reduced their price objective on Domo from $11.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, May 21st. Morgan Stanley decreased their price objective on Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. DA Davidson reissued a “neutral” rating and issued a $10.00 target price on shares of Domo in a research note on Thursday, March 28th. Finally, Lake Street Capital cut shares of Domo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $8.00 in a research note on Friday, May 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Domo presently has a consensus rating of “Hold” and an average target price of $10.20.

Hedge Funds Weigh In On Domo

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its stake in shares of Domo by 43.8% during the 1st quarter. Acadian Asset Management LLC now owns 984,107 shares of the company’s stock valued at $8,775,000 after buying an additional 299,747 shares during the period. B. Riley Asset Management LLC acquired a new position in Domo in the third quarter valued at $2,517,000. Vanguard Group Inc. grew its position in Domo by 4.4% during the third quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock valued at $44,581,000 after acquiring an additional 190,496 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Domo by 37.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock worth $6,068,000 after acquiring an additional 167,937 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Domo during the third quarter worth about $1,646,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

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.