Capital Research Global Investors Raises Stake in Domo, Inc. $DOMO

Capital Research Global Investors increased its holdings in Domo, Inc. (NASDAQ:DOMO) by 8.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,975,558 shares of the company’s stock after purchasing an additional 225,558 shares during the quarter. Capital Research Global Investors owned approximately 0.07% of Domo worth $25,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new stake in shares of Domo in the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in shares of Domo in the 2nd quarter worth about $42,000. Raymond James Financial Inc. purchased a new stake in shares of Domo in the 2nd quarter worth about $122,000. Versor Investments LP purchased a new stake in shares of Domo in the 4th quarter worth about $137,000. Finally, Creative Planning boosted its position in shares of Domo by 23.2% in the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after buying an additional 2,889 shares in the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Rpd Fund Management Llc sold 1,100,900 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.56, for a total value of $2,818,304.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 1,350,626 shares of company stock valued at $3,785,484. Insiders own 13.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DOMO. Citizens Jmp reiterated an “underperform” rating and issued a $3.50 price objective on shares of Domo in a research report on Friday, February 13th. TD Cowen decreased their price objective on shares of Domo from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday. Lake Street Capital decreased their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. DA Davidson decreased their price objective on shares of Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Domo currently has an average rating of “Hold” and a consensus target price of $6.42.

Domo Trading Down 1.8%

Shares of DOMO stock opened at $3.29 on Wednesday. The firm has a 50-day moving average price of $3.50 and a 200 day moving average price of $5.55. Domo, Inc. has a twelve month low of $2.39 and a twelve month high of $18.49. The company has a market capitalization of $148.54 million, a price-to-earnings ratio of -2.27 and a beta of 1.78.

Domo (NASDAQ:DOMO) last announced its earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The company had revenue of $79.63 million for the quarter, compared to analysts’ expectations of $78.65 million. Domo’s quarterly revenue was up 1% on a year-over-year basis. As a group, research analysts predict that Domo, Inc. will post -1.43 earnings per share for the current year.

Domo Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.