David R. Jolley Sells 12,000 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CFO David R. Jolley sold 12,000 shares of the firm’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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domo Trading Down 2.8 %

Shares of Domo stock opened at $8.29 on Friday. Domo, Inc. has a 12-month low of $7.78 and a 12-month high of $18.19. The stock has a market cap of $315.27 million, a PE ratio of -3.95 and a beta of 2.32. The company has a 50-day moving average of $10.15 and a two-hundred day moving average of $9.73.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The business had revenue of $80.18 million for the quarter, compared to the consensus estimate of $79.46 million. On average, sell-side analysts forecast that Domo, Inc. will post -2 EPS for the current fiscal year.

Institutional Investors Weigh In On Domo

A number of large investors have recently bought and sold shares of DOMO. Tower Research Capital LLC TRC raised its holdings in shares of Domo by 161.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $27,000 after acquiring an additional 1,622 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Domo by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after acquiring an additional 2,212 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Domo by 243.2% in the fourth quarter. Lazard Asset Management LLC now owns 5,268 shares of the company’s stock worth $75,000 after acquiring an additional 3,733 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Domo by 46.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,440 shares of the company’s stock worth $78,000 after acquiring an additional 1,713 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of Domo in the fourth quarter worth $83,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “neutral” rating and issued a $10.00 price objective 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.60.

About Domo

Domo, Inc 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 from smartphones.