Occudo Quantitative Strategies LP Purchases 20,339 Shares of Domo, Inc. (NASDAQ:DOMO)

Occudo Quantitative Strategies LP boosted its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 74.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,508 shares of the company’s stock after acquiring an additional 20,339 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Domo were worth $336,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Domo during the fourth quarter valued at approximately $47,000. R Squared Ltd purchased a new stake in shares of Domo in the fourth quarter valued at approximately $56,000. Riggs Capital Management LLC purchased a new stake in Domo during the fourth quarter worth $85,000. SG Americas Securities LLC lifted its holdings in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after buying an additional 2,247 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Domo during the fourth quarter worth $103,000. 76.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOMO shares. Cowen reaffirmed a “hold” rating on shares of Domo in a research report on Friday, March 7th. DA Davidson raised Domo to a “hold” rating in a research report on Monday, March 10th. Morgan Stanley cut their price target on Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. Finally, Lake Street Capital decreased their price target on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.25.

Domo Price Performance

DOMO opened at $8.74 on Friday. The company’s 50 day simple moving average is $7.90 and its two-hundred day simple moving average is $8.03. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15. The firm has a market capitalization of $349.08 million, a price-to-earnings ratio of -3.99 and a beta of 1.67.

Domo (NASDAQ:DOMO) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $77.95 million. On average, equities analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Activity at Domo

In related news, Director Daniel David Daniel III bought 120,000 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $6.44 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joshua G. James purchased 77,300 shares of the company’s stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $6.50 per share, with a total value of $502,450.00. Following the purchase, the chief executive officer now owns 116,600 shares of the company’s stock, valued at approximately $757,900. This 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 insiders.

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.