Intech Investment Management LLC Makes New $103,000 Investment in Domo, Inc. (NASDAQ:DOMO)

Intech Investment Management LLC acquired a new position in Domo, Inc. (NASDAQ:DOMO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,493 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Domo by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after acquiring an additional 4,091 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Domo in the third quarter valued at about $97,000. FMR LLC raised its holdings in shares of Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after purchasing an additional 51,494 shares during the last quarter. Barclays PLC lifted its position in shares of Domo by 56.8% during the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock valued at $598,000 after purchasing an additional 28,838 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Domo by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company’s stock worth $3,936,000 after purchasing an additional 12,494 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Insider Activity at Domo

In related news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares in the company, valued at approximately $2,125,224.33. The trade was a 8.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.04% of the stock is currently owned by corporate insiders.

Domo Price Performance

Shares of DOMO opened at $8.26 on Friday. Domo, Inc. has a 1 year low of $6.11 and a 1 year high of $10.15. The stock’s fifty day moving average price is $8.23 and its two-hundred day moving average price is $7.94. The firm has a market cap of $323.03 million, a PE ratio of -3.77 and a beta of 2.56.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share (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 analyst estimates of $77.95 million. Sell-side analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on DOMO shares. Lake Street Capital decreased their price objective on shares of 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 upgraded Domo to a “hold” rating in a report on Monday, March 10th. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Morgan Stanley lifted their target price on Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, TD Cowen increased their price target on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Domo has an average rating of “Hold” and an average target price of $10.42.

Domo Company 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.