Domo, Inc. (NASDAQ:DOMO) Stake Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Domo, Inc. (NASDAQ:DOMO) by 68.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,282 shares of the company’s stock after purchasing an additional 4,971 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Domo were worth $119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Domo by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock valued at $44,581,000 after buying an additional 190,496 shares during the period. Bank of New York Mellon Corp boosted its stake in Domo by 397.3% during the 3rd 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. Acadian Asset Management LLC raised its stake in Domo by 11.6% during 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 during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Domo by 37.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock valued at $6,068,000 after buying an additional 167,937 shares during the period. Finally, CenterBook Partners LP grew its holdings in shares of Domo by 290.4% during the 3rd quarter. CenterBook Partners LP now owns 420,358 shares of the company’s stock worth $4,124,000 after purchasing an additional 312,679 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

DOMO has been the topic of several recent analyst reports. TD Cowen decreased their price target on Domo from $11.50 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday. DA Davidson restated a “neutral” rating and issued a $10.00 price objective on shares of Domo in a report on Thursday, March 28th. Morgan Stanley reduced their target price on Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday. JMP Securities lowered their target price on Domo from $23.00 to $16.00 and set a “market outperform” rating for the company in a report on Friday. Finally, Lake Street Capital lowered shares of Domo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $8.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Domo currently has an average rating of “Hold” and a consensus price target of $10.20.

Domo Stock Down 2.2 %

Shares of DOMO stock opened at $6.97 on Friday. Domo, Inc. has a 52 week low of $6.11 and a 52 week high of $18.19. The company has a 50-day simple moving average of $8.09 and a 200 day simple moving average of $9.42.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.05). The business had revenue of $80.18 million for the quarter, compared to analyst estimates of $79.46 million. Equities research analysts predict that Domo, Inc. will post -2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Joshua G. James sold 107,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $9.38, for a total transaction of $1,003,660.00. Following the completion of the transaction, the chief executive officer now directly owns 881,765 shares in the company, valued at approximately $8,270,955.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Domo news, EVP Daren Thayne sold 41,218 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $9.33, for a total transaction of $384,563.94. Following the completion of the sale, the executive vice president now directly owns 368,824 shares in the company, valued at approximately $3,441,127.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joshua G. James sold 107,000 shares of Domo stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $9.38, for a total value of $1,003,660.00. Following the completion of the sale, the chief executive officer now owns 881,765 shares of the company’s stock, valued at $8,270,955.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,056 shares of company stock worth $1,911,367. Corporate insiders own 14.04% of the company’s stock.

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.