6,600 Shares in Domo, Inc. (NASDAQ:DOMO) Acquired by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo, Inc. (NASDAQ:DOMO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,600 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Domo during the 4th quarter worth $56,000. Riggs Capital Management LLC acquired a new position in Domo during the 4th quarter worth approximately $85,000. XTX Topco Ltd acquired a new position in shares of Domo during the third quarter worth $97,000. SG Americas Securities LLC boosted its stake in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Domo during the 4th quarter worth $103,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David R. Jolley sold 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the sale, the director now owns 255,743 shares of the company’s stock, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 cost of $6.50 per share, with a total value of $502,450.00. Following the completion of the purchase, the chief executive officer now directly owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by corporate insiders.

Domo Stock Performance

Shares of NASDAQ:DOMO opened at $6.64 on Friday. The company’s fifty day moving average is $8.24 and its two-hundred day moving average is $7.96. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15. The stock has a market capitalization of $259.68 million, a price-to-earnings ratio of -3.03 and a beta of 2.28.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to analysts’ expectations of $77.95 million. Sell-side analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

DOMO has been the topic of a number of analyst reports. DA Davidson raised Domo to a “hold” rating in a research report on Monday, March 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Cowen reissued a “hold” rating on shares of Domo in a research report on Friday, March 7th. Lake Street Capital cut their price target on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a report on Friday, March 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price objective on shares of Domo in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.