Bank of New York Mellon Corp Has $622,000 Stock Position in Domo, Inc. (NASDAQ:DOMO)

Bank of New York Mellon Corp increased its holdings in shares of Domo, Inc. (NASDAQ:DOMO) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,789 shares of the company’s stock after buying an additional 1,826 shares during the quarter. Bank of New York Mellon Corp owned 0.22% of Domo worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOMO. Quest Partners LLC raised its position in shares of Domo by 291.9% during the third quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after purchasing an additional 10,204 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Domo by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company’s stock valued at $2,009,000 after purchasing an additional 18,069 shares during the period. FMR LLC increased its stake in Domo by 20.6% during 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. BNP Paribas Financial Markets raised its holdings in Domo by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after buying an additional 2,091 shares during the period. Finally, Centiva Capital LP lifted its stake in Domo by 38.1% in the third quarter. Centiva Capital LP now owns 24,749 shares of the company’s stock valued at $186,000 after buying an additional 6,828 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Insider Transactions at Domo

In related news, Director David R. Jolley sold 25,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares of the company’s stock, valued at approximately $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.04% of the company’s stock.

Wall Street Analysts Forecast Growth

DOMO has been the subject of several research reports. DA Davidson raised shares of Domo to a “hold” rating in a research report on Monday, March 10th. Lake Street Capital lowered their target price on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Cowen reissued a “hold” rating on shares of Domo in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Domo in a research report on Thursday, March 20th. Finally, TD Cowen increased their price objective on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Domo has an average rating of “Hold” and an average price target of $10.42.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $8.68 on Thursday. The company’s 50-day moving average price is $8.21 and its two-hundred day moving average price is $7.94. Domo, Inc. has a one year low of $6.11 and a one year high of $10.15. The stock has a market capitalization of $339.46 million, a PE ratio of -3.96 and a beta of 2.56.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million during the quarter, compared to analyst estimates of $77.95 million. On average, analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal 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.