Atom Investors LP Trims Stake in Domo, Inc. (NASDAQ:DOMO)

Atom Investors LP lowered its holdings in Domo, Inc. (NASDAQ:DOMO) by 51.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,384 shares of the company’s stock after selling 66,110 shares during the quarter. Atom Investors LP owned 0.16% of Domo worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOMO. Acadian Asset Management LLC raised its holdings in shares of Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after buying an additional 317,388 shares during the period. 272 Capital LP raised its holdings in shares of Domo by 52.1% in the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after buying an additional 142,609 shares during the period. Vanguard Group Inc. raised its holdings in shares of Domo by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock valued at $43,050,000 after buying an additional 108,200 shares during the period. FMR LLC raised its holdings in shares of Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after buying an additional 51,494 shares during the period. Finally, Ceera Investments LLC raised its holdings in shares of Domo by 27.5% in the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock valued at $1,644,000 after buying an additional 45,899 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

DOMO has been the topic of several research analyst reports. DA Davidson boosted their price objective on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 30th. TD Cowen upped their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Domo in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.80.

Domo Price Performance

Shares of NASDAQ DOMO opened at $9.98 on Thursday. The stock’s 50-day moving average is $8.26 and its two-hundred day moving average is $7.72. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $12.23. The company has a market cap of $385.54 million, a price-to-earnings ratio of -4.62 and a beta of 2.44.

Insider Transactions at Domo

In other Domo news, CFO David R. Jolley acquired 10,000 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $6.99 per share, with a total value of $69,900.00. Following the transaction, the chief financial officer now owns 291,465 shares in the company, valued at $2,037,340.35. The trade was a 3.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.04% of the company’s stock.

Domo Profile

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.