Insider Buying: Domo, Inc. (NASDAQ:DOMO) CEO Buys 77,300 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua G. James bought 77,300 shares of the company’s stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the transaction, the chief executive officer now directly owns 116,600 shares of the company’s stock, valued at approximately $757,900. The trade was a 196.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Domo Stock Performance

Shares of Domo stock opened at $6.64 on Friday. The company has a fifty day moving average of $8.24 and a 200 day moving average of $7.96. The company has a market capitalization of $259.68 million, a P/E ratio of -3.03 and a beta of 2.28. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $10.15.

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

Institutional Investors Weigh In On Domo

Institutional investors and hedge funds have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Domo during the fourth quarter worth $47,000. R Squared Ltd bought a new position in shares of Domo during the 4th quarter valued at about $56,000. Riggs Capital Management LLC purchased a new position in shares of Domo during the fourth quarter valued at about $85,000. XTX Topco Ltd bought a new stake in shares of Domo in the third quarter worth about $97,000. Finally, SG Americas Securities LLC lifted its position 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 worth $99,000 after buying an additional 2,247 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

DOMO has been the topic of a number of research reports. Cowen reissued a “hold” rating on shares of Domo in a report on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Lake Street Capital reduced their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday, March 7th. DA Davidson raised Domo to a “hold” rating in a report on Monday, March 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Domo presently has an average rating of “Hold” and an average 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.