Domo, Inc. (NASDAQ:DOMO) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in Domo, Inc. (NASDAQ:DOMO) by 56.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,703 shares of the company’s stock after selling 55,692 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of Domo worth $328,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DOMO. Harbor Capital Advisors Inc. raised its stake in Domo by 51.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock valued at $48,000 after purchasing an additional 2,100 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Domo by 0.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock valued at $5,606,000 after purchasing an additional 2,501 shares during the period. EntryPoint Capital LLC acquired a new stake in Domo during the 1st quarter valued at $45,000. Sei Investments Co. raised its stake in Domo by 7.5% during the 2nd quarter. Sei Investments Co. now owns 103,809 shares of the company’s stock valued at $801,000 after purchasing an additional 7,222 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Domo by 45.4% during the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after purchasing an additional 11,674 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO David R. Jolley purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $6.99 per share, with a total value of $69,900.00. Following the completion of the purchase, the chief financial officer now directly owns 291,465 shares of the company’s stock, valued at $2,037,340.35. This trade represents a 3.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.04% of the stock is owned by insiders.

Analyst Ratings Changes

DOMO has been the topic of a number of research reports. DA Davidson upped their price target on shares of Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. TD Cowen upped their price target on shares of Domo from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Domo currently has a consensus rating of “Hold” and a consensus target price of $9.60.

Domo Stock Up 4.1 %

NASDAQ:DOMO opened at $9.45 on Friday. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $12.23. The firm has a market capitalization of $365.06 million, a PE ratio of -4.38 and a beta of 2.43. The firm has a 50-day moving average price of $7.82 and a 200 day moving average price of $7.58.

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

Domo 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.