Domo, Inc. (NASDAQ:DOMO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of Domo, Inc. (NASDAQ:DOMO) by 161.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,624 shares of the company’s stock after purchasing an additional 1,622 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Domo were worth $27,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOMO. Jacobs Levy Equity Management Inc. boosted its holdings in Domo by 37.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock worth $6,068,000 after buying an additional 167,937 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Domo by 11.6% in the 3rd quarter. Acadian Asset Management LLC now owns 628,201 shares of the company’s stock valued at $6,157,000 after purchasing an additional 65,227 shares in the last quarter. Innovis Asset Management LLC raised its holdings in Domo by 327.3% in the 3rd quarter. Innovis Asset Management LLC now owns 67,907 shares of the company’s stock worth $666,000 after purchasing an additional 52,014 shares during the period. Legato Capital Management LLC boosted its position in Domo by 40.2% during the fourth quarter. Legato Capital Management LLC now owns 60,531 shares of the company’s stock worth $623,000 after purchasing an additional 17,350 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Domo by 397.3% in the third quarter. Bank of New York Mellon Corp now owns 637,262 shares of the company’s stock valued at $6,252,000 after purchasing an additional 509,111 shares during the period. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Stock Down 0.8 %

Shares of Domo stock traded down $0.06 during mid-day trading on Friday, reaching $7.45. 210,394 shares of the stock traded hands, compared to its average volume of 412,502. The business has a 50-day moving average of $9.09 and a 200 day moving average of $9.54. The stock has a market capitalization of $283.33 million, a PE ratio of -3.55 and a beta of 2.35. Domo, Inc. has a fifty-two week low of $7.24 and a fifty-two week high of $18.19.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.05). The company had revenue of $80.18 million during the quarter, compared to analysts’ expectations of $79.46 million. On average, equities research analysts expect that Domo, Inc. will post -2 EPS for the current fiscal year.

Insider Transactions at Domo

In related news, CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $8.50, for a total transaction of $102,000.00. Following the completion of the sale, the chief financial officer now owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO David R. Jolley sold 12,000 shares of Domo stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total transaction of $102,000.00. Following the transaction, the chief financial officer now owns 215,543 shares in the company, valued at $1,832,115.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daren Thayne sold 22,500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $9.04, for a total value of $203,400.00. Following the completion of the sale, the executive vice president now owns 343,758 shares of the company’s stock, valued at $3,107,572.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,056 shares of company stock valued at $1,911,367. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and set a $10.00 target price on shares of Domo in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.60.

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.