272 Capital LP Has $3.22 Million Stake in Domo, Inc. (NASDAQ:DOMO)

272 Capital LP increased its position in shares of Domo, Inc. (NASDAQ:DOMO) by 52.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 416,464 shares of the company’s stock after purchasing an additional 142,609 shares during the period. Domo makes up about 1.6% of 272 Capital LP’s portfolio, making the stock its 24th biggest holding. 272 Capital LP owned approximately 1.09% of Domo worth $3,215,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Domo by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock worth $43,050,000 after buying an additional 108,200 shares during the period. Acadian Asset Management LLC grew its stake in shares of Domo by 32.3% in the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after acquiring an additional 317,388 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Domo by 0.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock worth $5,606,000 after purchasing an additional 2,501 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in Domo by 42.1% in the 1st quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock valued at $2,827,000 after purchasing an additional 93,858 shares during the period. Finally, Ceera Investments LLC boosted its holdings in Domo by 27.5% in the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock valued at $1,644,000 after purchasing an additional 45,899 shares during the period. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domo

In related news, CFO David R. Jolley purchased 10,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 14.04% of the company’s stock.

Domo Price Performance

NASDAQ DOMO opened at $6.80 on Tuesday. The business has a fifty day moving average price of $7.70 and a two-hundred day moving average price of $7.77. The stock has a market capitalization of $259.40 million, a PE ratio of -3.24 and a beta of 2.44. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $12.23.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, August 29th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.21. The business had revenue of $78.41 million for the quarter, compared to analyst estimates of $76.60 million. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) EPS. As a group, sell-side analysts expect that Domo, Inc. will post -2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a report on Friday, August 30th. DA Davidson raised their price objective on Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, TD Cowen lifted their price objective on Domo from $8.00 to $9.00 and gave the company a “hold” rating in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.60.

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.