Domo, Inc. (NASDAQ:DOMO) Stock Holdings Cut by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of Domo, Inc. (NASDAQ:DOMO) by 37.4% in the third quarter, HoldingsChannel.com reports. The firm owned 3,634 shares of the company’s stock after selling 2,173 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Domo were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOMO. Advisory Services Network LLC bought a new stake in shares of Domo during the 2nd quarter worth $25,000. Rockefeller Capital Management L.P. boosted its stake in shares of Domo by 313.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 620 shares of the company’s stock worth $50,000 after acquiring an additional 470 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Domo during the 2nd quarter worth $60,000. Advisor Group Holdings Inc. boosted its stake in shares of Domo by 425.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,298 shares of the company’s stock worth $105,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Pinz Capital Management LP bought a new stake in shares of Domo during the 2nd quarter worth $121,000. 67.11% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Catherine Wong sold 5,104 shares of the stock in a transaction on Wednesday, December 22nd. The stock was sold at an average price of $51.16, for a total transaction of $261,120.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.35% of the stock is currently owned by company insiders.

Shares of NASDAQ:DOMO opened at $45.23 on Friday. Domo, Inc. has a 1 year low of $40.21 and a 1 year high of $98.35. The business has a fifty day simple moving average of $60.26 and a 200 day simple moving average of $76.84. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -16.10 and a beta of 2.75.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.02. The firm had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.31 million. During the same quarter in the prior year, the business posted ($0.75) earnings per share. Domo’s revenue was up 21.5% on a year-over-year basis. On average, sell-side analysts anticipate that Domo, Inc. will post -3.06 earnings per share for the current fiscal year.

Several research firms have recently weighed in on DOMO. Cowen reduced their price objective on Domo from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, December 3rd. Zacks Investment Research cut Domo from a “hold” rating to a “sell” rating in a research report on Thursday, December 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Domo in a research report on Friday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Domo has a consensus rating of “Buy” and a consensus price target of $93.67.

Domo Company Profile

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.

Recommended Story: What are the advantages to having securities held in street name?

Want to see what other hedge funds are holding DOMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domo, Inc. (NASDAQ:DOMO).

Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.