Jane Street Group LLC trimmed its holdings in shares of Domo, Inc. (NASDAQ:DOMO – Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,632 shares of the company’s stock after selling 15,694 shares during the period. Jane Street Group LLC owned about 0.14% of Domo worth $395,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in DOMO. Acadian Asset Management LLC increased its stake in shares of Domo by 32.3% during the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after buying an additional 317,388 shares during the period. 272 Capital LP boosted its holdings in Domo by 52.1% in the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after acquiring an additional 142,609 shares in the last quarter. Bank of New York Mellon Corp increased its position in Domo by 17.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 124,571 shares of the company’s stock valued at $962,000 after purchasing an additional 18,135 shares during the period. FMR LLC raised its holdings in Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after purchasing an additional 51,494 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Domo by 2.6% in the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after purchasing an additional 19,361 shares during the period. 76.64% of the stock is currently owned by hedge funds and other institutional investors.
Domo Trading Down 2.2 %
NASDAQ:DOMO opened at $7.11 on Wednesday. Domo, Inc. has a 12 month low of $6.11 and a 12 month high of $12.23. The business’s 50-day moving average is $8.22 and its 200 day moving average is $7.83. The company has a market capitalization of $278.06 million, a P/E ratio of -3.25 and a beta of 2.46.
Analysts Set New Price Targets
DOMO has been the topic of a number of research analyst reports. Lake Street Capital upped their target price on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. TD Cowen upped their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Domo presently has an average rating of “Hold” and an average price target of $10.10.
View Our Latest Stock Analysis on DOMO
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.
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