D. E. Shaw & Co. Inc. Raises Stock Position in Domo, Inc. (NASDAQ:DOMO)

D. E. Shaw & Co. Inc. grew its holdings in Domo, Inc. (NASDAQ:DOMO) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 284,202 shares of the company’s stock after purchasing an additional 36,741 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Domo were worth $2,012,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in shares of Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock valued at $23,278,000 after acquiring an additional 282,943 shares during the period. Northern Trust Corp increased its stake in Domo by 5.8% during the 4th quarter. Northern Trust Corp now owns 327,599 shares of the company’s stock worth $2,319,000 after buying an additional 17,962 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Domo by 21.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,104 shares of the company’s stock worth $398,000 after buying an additional 10,039 shares during the period. XTX Topco Ltd increased its stake in Domo by 163.0% during the 4th quarter. XTX Topco Ltd now owns 33,843 shares of the company’s stock worth $240,000 after buying an additional 20,977 shares during the period. Finally, Barclays PLC increased its stake in Domo by 3.7% during the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock worth $584,000 after buying an additional 2,962 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James purchased 77,300 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $6.50 per share, with a total value of $502,450.00. Following the acquisition, the chief executive officer now owns 116,600 shares of the company’s stock, valued at approximately $757,900. This represents a 196.69% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel David Daniel III purchased 120,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the acquisition, the director now directly owns 781,400 shares in the company, valued at approximately $5,032,216. This trade represents a 18.14% increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is owned by company insiders.

Domo Price Performance

Shares of DOMO stock opened at $8.55 on Thursday. The firm has a market cap of $341.49 million, a P/E ratio of -3.90 and a beta of 1.67. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15. The firm has a fifty day moving average of $7.93 and a two-hundred day moving average of $8.04.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.10. The company had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. Domo’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) earnings per share. On average, sell-side analysts expect that Domo, Inc. will post -2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOMO. Morgan Stanley dropped their price target on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Cowen reaffirmed a “hold” rating on shares of Domo in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price target on shares of Domo in a research note on Thursday, March 20th. DA Davidson raised shares of Domo to a “hold” rating in a research note on Monday, March 10th. Finally, Lake Street Capital dropped their price target on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.25.

Domo 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.