Sei Investments Co. Buys 7,222 Shares of Domo, Inc. (NASDAQ:DOMO)

Sei Investments Co. lifted its position in Domo, Inc. (NASDAQ:DOMO) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 103,809 shares of the company’s stock after purchasing an additional 7,222 shares during the quarter. Sei Investments Co. owned 0.27% of Domo worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sierra Summit Advisors LLC acquired a new position in Domo during the 4th quarter worth $938,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Domo during the first quarter valued at $43,000. BNP Paribas Financial Markets boosted its holdings in Domo by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock valued at $404,000 after acquiring an additional 1,630 shares during the last quarter. GSA Capital Partners LLP increased its position in Domo by 192.5% in the first quarter. GSA Capital Partners LLP now owns 193,106 shares of the company’s stock worth $1,723,000 after purchasing an additional 127,091 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Domo during the 1st quarter worth about $262,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Stock Up 2.1 %

Shares of Domo stock opened at $7.45 on Wednesday. The firm’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $7.58. The company has a market capitalization of $284.40 million, a price-to-earnings ratio of -3.55 and a beta of 2.45. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $12.23.

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

Insider Transactions at Domo

In related news, CFO David R. Jolley purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $6.99 per share, with a total value of $69,900.00. Following the completion of the acquisition, the chief financial officer now directly owns 291,465 shares of the company’s stock, valued at approximately $2,037,340.35. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 14.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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