Quadrature Capital Ltd purchased a new stake in shares of Domo Inc (NASDAQ:DOMO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,557 shares of the company’s stock, valued at approximately $1,174,000. Quadrature Capital Ltd owned approximately 0.13% of Domo at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of DOMO. Goldman Sachs Group Inc. increased its position in Domo by 712.8% in the second quarter. Goldman Sachs Group Inc. now owns 542,203 shares of the company’s stock worth $17,443,000 after purchasing an additional 475,495 shares during the last quarter. Vanguard Group Inc. increased its position in Domo by 23.9% in the second quarter. Vanguard Group Inc. now owns 1,659,373 shares of the company’s stock worth $53,381,000 after purchasing an additional 320,176 shares during the last quarter. Portolan Capital Management LLC increased its position in Domo by 501.2% in the second quarter. Portolan Capital Management LLC now owns 356,943 shares of the company’s stock worth $11,483,000 after purchasing an additional 297,571 shares during the last quarter. Federated Hermes Inc. increased its position in Domo by 30.4% in the first quarter. Federated Hermes Inc. now owns 1,000,109 shares of the company’s stock worth $9,941,000 after purchasing an additional 233,109 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Domo by 1,223.3% in the first quarter. JPMorgan Chase & Co. now owns 245,366 shares of the company’s stock worth $2,439,000 after purchasing an additional 226,824 shares during the last quarter. 67.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:DOMO traded up $3.00 during trading on Friday, reaching $40.28. 2,739,682 shares of the company were exchanged, compared to its average volume of 508,903. The firm has a market capitalization of $1.16 billion, a PE ratio of -11.16 and a beta of 3.06. The business’s fifty day simple moving average is $35.16 and its 200-day simple moving average is $24.90. Domo Inc has a 12-month low of $7.62 and a 12-month high of $47.25. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.01 and a quick ratio of 1.01.
Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, September 3rd. The company reported ($0.37) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.13. The business had revenue of $51.10 million for the quarter, compared to analyst estimates of $49.03 million. Domo had a negative net margin of 53.38% and a negative return on equity of 1,396.76%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted ($0.96) earnings per share. On average, sell-side analysts anticipate that Domo Inc will post -2.94 EPS for the current fiscal year.
In other Domo news, EVP Catherine Wong sold 7,575 shares of Domo stock in a transaction on Thursday, July 16th. The shares were sold at an average price of $32.61, for a total value of $247,020.75. Following the transaction, the executive vice president now directly owns 164,610 shares of the company’s stock, valued at $5,367,932.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Evan sold 6,666 shares of Domo stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $31.00, for a total transaction of $206,646.00. Following the completion of the transaction, the director now directly owns 13,334 shares in the company, valued at $413,354. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,241 shares of company stock worth $1,203,517. Corporate insiders own 15.52% of the company’s stock.
Several brokerages recently weighed in on DOMO. Zacks Investment Research cut shares of Domo from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Credit Suisse Group boosted their price objective on shares of Domo from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. Cowen boosted their price objective on shares of Domo from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday. ValuEngine cut shares of Domo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley boosted their price objective on shares of Domo from $33.00 to $41.00 and gave the company an “equal weight” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Domo currently has an average rating of “Buy” and a consensus price target of $43.43.
Domo Company Profile
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
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