Domo, Inc. (NASDAQ:DOMO) Shares Sold by First Trust Advisors LP

Posted by on May 23rd, 2023

First Trust Advisors LP lessened its position in Domo, Inc. (NASDAQ:DOMO – Get Rating) by 54.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,036,335 shares of the company’s stock after selling 1,254,576 shares during the period. First Trust Advisors LP owned approximately 3.00% of Domo worth $14,768,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in shares of Domo by 90.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after acquiring an additional 740 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Domo by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 2,526 shares of the company’s stock worth $127,000 after acquiring an additional 842 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Domo by 29.9% in the 1st 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 period. Point72 Hong Kong Ltd lifted its stake in shares of Domo by 60.7% in the 1st 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 period. Finally, Royal Bank of Canada lifted its stake in shares of Domo by 15.5% in the 3rd quarter. Royal Bank of Canada now owns 5,975 shares of the company’s stock worth $107,000 after acquiring an additional 802 shares during the period. Institutional investors and hedge funds own 71.40% of the company’s stock.

Insider Buying and Selling at Domo

In other Domo news, Director Daniel David Daniel III bought 47,500 shares of the company’s stock in a transaction on Thursday, April 13th. The stock was purchased at an average cost of $14.42 per share, for a total transaction of $684,950.00. Following the acquisition, the director now owns 47,500 shares of the company’s stock, valued at approximately $684,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Joshua G. James purchased 350,026 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were bought at an average cost of $14.18 per share, with a total value of $4,963,368.68. Following the purchase, the chief executive officer now directly owns 429,810 shares of the company’s stock, valued at $6,094,705.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel David Daniel III purchased 47,500 shares of the firm’s stock in a transaction on Thursday, April 13th. The shares were purchased at an average cost of $14.42 per share, for a total transaction of $684,950.00. Following the completion of the purchase, the director now directly owns 47,500 shares in the company, valued at $684,950. The disclosure for this purchase can be found here. In the last three months, insiders acquired 554,810 shares of company stock worth $7,814,329. 10.85% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on DOMO. JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Domo in a research note on Monday, March 13th. Lake Street Capital cut their price target on shares of Domo from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.60.

Domo Stock Up 2.0 %

Shares of DOMO opened at $15.26 on Tuesday. The company has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $14.42. The company has a market capitalization of $531.66 million, a PE ratio of -4.91 and a beta of 2.16. Domo, Inc. has a 52-week low of $11.35 and a 52-week high of $35.43.

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

Domo 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.

See Also

Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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