Valmark Advisers Inc. bought a new position in shares of Domo, Inc. (NASDAQ:DOMO – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,069 shares of the company's stock, valued at approximately $217,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can lifted its holdings in shares of Domo by 20.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 181,769 shares of the company's stock worth $3,270,000 after acquiring an additional 30,842 shares during the period. Dupont Capital Management Corp bought a new position in shares of Domo during the third quarter valued at $247,000. CWM LLC raised its stake in shares of Domo by 713.3% during the third quarter. CWM LLC now owns 1,651 shares of the company's stock valued at $30,000 after acquiring an additional 1,448 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Domo during the third quarter valued at $483,000. Finally, Moody National Bank Trust Division increased its position in shares of Domo by 42.1% during the third quarter. Moody National Bank Trust Division now owns 15,350 shares of the company's stock worth $276,000 after buying an additional 4,550 shares during the period. Institutional investors own 71.40% of the company's stock.
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Insider Transactions at Domo
In related news, major shareholder Joshua G. James sold 43,471 shares of the company's stock in a transaction on Monday, November 28th. The shares were sold at an average price of $13.29, for a total value of $577,729.59. Following the completion of the transaction, the insider now directly owns 105,092 shares in the company, valued at $1,396,672.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Joshua G. James sold 7,284 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $13.15, for a total value of $95,784.60. Following the completion of the transaction, the insider now directly owns 333,746 shares of the company's stock, valued at $4,388,759.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Joshua G. James sold 43,471 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $13.29, for a total transaction of $577,729.59. Following the completion of the transaction, the insider now directly owns 105,092 shares of the company's stock, valued at $1,396,672.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,620 shares of company stock valued at $1,506,867. 10.85% of the stock is currently owned by company insiders.
Domo Stock Down 5.2 %
DOMO opened at $12.87 on Friday. The company has a market capitalization of $444.59 million, a price-to-earnings ratio of -3.63 and a beta of 2.20. Domo, Inc. has a twelve month low of $12.07 and a twelve month high of $57.41. The firm has a 50-day moving average price of $14.21 and a 200-day moving average price of $20.07.
Domo (NASDAQ:DOMO – Get Rating) last released its quarterly earnings results on Thursday, December 8th. The company reported ($0.69) earnings per share for the quarter, topping the consensus estimate of ($0.82) by $0.13. The firm had revenue of $79.03 million during the quarter, compared to the consensus estimate of $76.43 million. On average, sell-side analysts expect that Domo, Inc. will post -3.12 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on DOMO shares. Cowen reduced their price target on shares of Domo from $27.00 to $23.00 in a report on Friday, December 9th. Cowen reduced their price target on shares of Domo from $27.00 to $23.00 in a report on Friday, December 9th. Lake Street Capital reduced their price objective on shares of Domo from $25.00 to $23.00 in a report on Friday, December 9th. Morgan Stanley cut shares of Domo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $24.00 to $16.00 in a report on Friday. Finally, JMP Securities reduced their price objective on shares of Domo from $43.00 to $30.00 and set a "market outperform" rating for the company in a report on Friday, December 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.
About Domo
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Domo, Inc designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.
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