Fox Run Management L.L.C. Takes Position in Domo, Inc. (NASDAQ:DOMO)

Fox Run Management L.L.C. bought a new stake in shares of Domo, Inc. (NASDAQ:DOMO) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 29,647 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOMO. R Squared Ltd bought a new position in Domo during the fourth quarter worth about $56,000. XTX Topco Ltd acquired a new position in shares of Domo in the 3rd quarter worth approximately $97,000. SG Americas Securities LLC lifted its position in shares of Domo by 19.1% during the 4th 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. Quest Partners LLC boosted its stake in Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after buying an additional 10,204 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Domo in the fourth quarter valued at $103,000. Institutional investors own 76.64% of the company’s stock.

Insider Buying and Selling

In other Domo news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now owns 255,743 shares of the company’s stock, valued at approximately $2,125,224.33. The trade was 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. 14.04% of the stock is currently owned by insiders.

Domo Stock Performance

Shares of DOMO opened at $7.96 on Friday. The firm has a market capitalization of $311.30 million, a price-to-earnings ratio of -3.63 and a beta of 2.56. Domo, Inc. has a 52 week low of $6.11 and a 52 week high of $10.15. The business’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $7.95.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, research analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOMO shares. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research note on Friday, December 6th. DA Davidson raised shares of Domo to a “hold” rating in a research note on Monday, March 10th. TD Cowen lifted their target price on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Lake Street Capital decreased their price target on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, Cowen reissued a “hold” rating on shares of Domo in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Domo has an average rating of “Hold” and a consensus target price 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.