CenterBook Partners LP Takes Position in Domo, Inc. (NASDAQ:DOMO)

CenterBook Partners LP purchased a new position in Domo, Inc. (NASDAQ:DOMO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 224,020 shares of the company’s stock, valued at approximately $1,586,000. CenterBook Partners LP owned approximately 0.57% of Domo as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOMO. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Domo in the 4th quarter valued at approximately $47,000. R Squared Ltd bought a new stake in Domo in the fourth quarter valued at $56,000. Riggs Capital Management LLC bought a new stake in Domo in the fourth quarter valued at $85,000. XTX Topco Ltd acquired a new position in Domo during the third quarter worth $97,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after acquiring an additional 2,247 shares during the period. Institutional investors own 76.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joshua G. James bought 77,300 shares of Domo stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the acquisition, the chief executive officer now owns 116,600 shares in the company, valued at approximately $757,900. This represents a 196.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel David Daniel III acquired 120,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $6.44 per share, with a total value of $772,800.00. Following the acquisition, the director now owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. This trade represents a 18.14 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by insiders.

Domo Price Performance

DOMO opened at $8.26 on Friday. The stock has a market capitalization of $323.03 million, a P/E ratio of -3.77 and a beta of 2.28. The company’s 50 day simple moving average is $8.19 and its 200-day simple moving average is $7.99. Domo, Inc. has a one year low of $6.01 and a one year high of $10.15.

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

Analysts Set New Price Targets

DOMO has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price target on shares of Domo in a report on Thursday, March 20th. Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday, March 7th. DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Lake Street Capital dropped their price target on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley boosted their price objective on Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.42.

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.