Pilgrim Partners Asia Pte Ltd Buys New Position in Domo, Inc. (NASDAQ:DOMO)

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Domo, Inc. (NASDAQ:DOMO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,600 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors also recently made changes to their positions in DOMO. R Squared Ltd bought a new stake in shares of Domo in the 4th quarter worth $56,000. Riggs Capital Management LLC bought a new stake in Domo in the fourth quarter worth about $85,000. XTX Topco Ltd acquired a new stake in Domo in the 3rd quarter valued at about $97,000. SG Americas Securities LLC boosted its position in shares of Domo by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Domo during the 4th quarter valued at about $103,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOMO has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research report on Friday, December 6th. Cowen restated a “hold” rating on shares of Domo in a report on Friday, March 7th. Lake Street Capital reduced their target price on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, DA Davidson raised Domo to a “hold” rating in a research note on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.42.

Domo Trading Down 7.3 %

Shares of DOMO stock opened at $6.64 on Friday. The stock’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $7.96. The company has a market capitalization of $259.68 million, a price-to-earnings ratio of -3.03 and a beta of 2.28. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $10.15.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. On average, sell-side analysts predict that Domo, Inc. will post -2.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Joshua G. James acquired 77,300 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the acquisition, the chief executive officer now owns 116,600 shares in the company, valued at approximately $757,900. The trade was a 196.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel David Daniel III acquired 120,000 shares of Domo stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $6.44 per share, with a total value of $772,800.00. Following the transaction, the director now owns 781,400 shares of the company’s stock, valued at approximately $5,032,216. The trade was a 18.14 % increase in their position. The disclosure for this purchase can be found here. 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.