Domo, Inc. (NASDAQ:DOMO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Domo, Inc. (NASDAQ:DOMO) by 26.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 289,863 shares of the company’s stock after selling 101,920 shares during the quarter. Nuveen Asset Management LLC’s holdings in Domo were worth $2,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Domo in the 4th quarter valued at about $47,000. Riggs Capital Management LLC acquired a new position in shares of Domo during the fourth quarter valued at approximately $85,000. SG Americas Securities LLC lifted its position in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after acquiring an additional 2,247 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Domo in the fourth quarter worth approximately $103,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after acquiring an additional 4,000 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David R. Jolley sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now owns 255,743 shares of the company’s stock, valued at approximately $2,125,224.33. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel David Daniel III acquired 120,000 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $6.44 per share, with a total value of $772,800.00. Following the acquisition, the director now directly owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. This represents a 18.14% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.24% of the company’s stock.

Domo Price Performance

Shares of DOMO stock opened at $13.21 on Tuesday. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $13.53. The firm has a market cap of $527.61 million, a PE ratio of -6.03 and a beta of 1.67. The company has a 50-day moving average of $8.51 and a two-hundred day moving average of $8.22.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DOMO shares. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a report on Thursday, May 22nd. Lake Street Capital reiterated a “hold” rating and issued a $9.00 price objective (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Cantor Fitzgerald raised their target price on shares of Domo from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. DA Davidson boosted their target price on Domo from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised Domo from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.67.

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.