Domo, Inc. (NASDAQ:DOMO - Get Free Report) CFO David R. Jolley sold 12,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the sale, the chief financial officer now owns 215,543 shares of the company's stock, valued at $1,832,115.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Domo Trading Down 2.8 %
NASDAQ:DOMO opened at $8.29 on Friday. The stock has a fifty day moving average price of $10.15 and a 200-day moving average price of $9.73. Domo, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $18.19.
Domo (NASDAQ:DOMO - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of ($0.45) by ($0.05). The firm had revenue of $80.18 million during the quarter, compared to analysts' expectations of $79.46 million. Analysts expect that Domo, Inc. will post -2 earnings per share for the current year.
Hedge Funds Weigh In On Domo
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A number of institutional investors have recently modified their holdings of DOMO. Advisor Group Holdings Inc. raised its holdings in shares of Domo by 29.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company's stock worth $203,000 after buying an additional 835 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Domo by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 121,542 shares of the company's stock worth $6,146,000 after buying an additional 33,845 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Domo by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 417,040 shares of the company's stock worth $21,089,000 after buying an additional 6,149 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Domo by 54.4% during the 1st quarter. MetLife Investment Management LLC now owns 15,153 shares of the company's stock worth $766,000 after buying an additional 5,339 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Domo by 2.9% during the 1st quarter. BlackRock Inc. now owns 2,102,727 shares of the company's stock worth $106,337,000 after buying an additional 60,090 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.
Wall Street Analyst Weigh In
Separately, DA Davidson reiterated a "neutral" rating and set a $10.00 target price on shares of Domo in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Domo presently has an average rating of "Hold" and a consensus target price of $15.60.
Read Our Latest Stock Report on DOMO
Domo Company Profile
(
Get Free Report)
Domo, Inc 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 from smartphones.
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