David R. Jolley Buys 5,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Posted by on Apr 15th, 2023

Domo, Inc. (NASDAQ:DOMO – Get Rating) CFO David R. Jolley bought 5,000 shares of the stock in a transaction that occurred on Wednesday, April 12th. The stock was bought at an average price of $14.00 per share, with a total value of $70,000.00. Following the completion of the acquisition, the chief financial officer now owns 230,000 shares of the company’s stock, valued at approximately $3,220,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domo Price Performance

DOMO opened at $15.64 on Friday. The stock has a market capitalization of $544.88 million, a PE ratio of -5.03 and a beta of 2.15. Domo, Inc. has a 12-month low of $11.35 and a 12-month high of $48.19. The firm’s fifty day moving average price is $14.15 and its 200 day moving average price is $14.86.

Domo (NASDAQ:DOMO – Get Rating) last issued its earnings results on Monday, March 6th. The company reported ($0.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.05. The business had revenue of $79.62 million for the quarter, compared to analyst estimates of $77.32 million. On average, equities research analysts forecast that Domo, Inc. will post -2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley downgraded shares of Domo from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $24.00 to $16.00 in a research note on Friday, January 20th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Domo in a research note on Monday, March 13th. Finally, Lake Street Capital decreased their price objective on shares of Domo from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.60.

Institutional Trading of Domo

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC raised its holdings in shares of Domo by 90.1% during the first quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after purchasing an additional 740 shares during the period. CWM LLC raised its holdings in shares of Domo by 713.3% during the third quarter. CWM LLC now owns 1,651 shares of the company’s stock worth $30,000 after purchasing an additional 1,448 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Domo by 50.0% during the first quarter. Penserra Capital Management LLC now owns 2,526 shares of the company’s stock worth $127,000 after purchasing an additional 842 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Domo by 29.9% during the first quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company’s stock worth $203,000 after acquiring an additional 835 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its position in shares of Domo by 60.7% during the first quarter. Point72 Hong Kong Ltd now owns 4,188 shares of the company’s stock worth $212,000 after acquiring an additional 1,582 shares during the last quarter. 71.40% of the stock is owned by institutional investors and hedge funds.

Domo Company Profile

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Domo, Inc designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.

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