Domo, Inc. (NASDAQ:DOMO) Shares Purchased by Quest Partners LLC

Quest Partners LLC grew its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 291.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the company’s stock after purchasing an additional 10,204 shares during the quarter. Quest Partners LLC’s holdings in Domo were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new stake in Domo during the 1st quarter valued at approximately $121,000. Vanguard Group Inc. grew its position in shares of Domo by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock worth $43,050,000 after acquiring an additional 108,200 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Domo by 51.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock worth $48,000 after acquiring an additional 2,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Domo by 17.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,571 shares of the company’s stock worth $962,000 after acquiring an additional 18,135 shares in the last quarter. Finally, Rockwood Wealth Management LLC acquired a new position in shares of Domo in the 2nd quarter worth approximately $104,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Insider Transactions at Domo

In other Domo news, CFO David R. Jolley purchased 10,000 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $6.99 per share, for a total transaction of $69,900.00. Following the completion of the acquisition, the chief financial officer now owns 291,465 shares of the company’s stock, valued at $2,037,340.35. This represents a 3.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.04% of the stock is owned by insiders.

Domo Stock Performance

DOMO opened at $9.36 on Friday. Domo, Inc. has a one year low of $6.11 and a one year high of $12.23. The stock’s fifty day moving average is $8.04 and its 200-day moving average is $7.65. The company has a market capitalization of $361.58 million, a PE ratio of -4.35 and a beta of 2.43.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.21. The company had revenue of $78.41 million for the quarter, compared to analyst estimates of $76.60 million. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($0.44) earnings per share. On average, equities research analysts forecast that Domo, Inc. will post -2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOMO. DA Davidson boosted their price objective on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. TD Cowen lifted their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.80.

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.