Domo (NASDAQ:DOMO) Stock Rating Reaffirmed by DA Davidson

Domo (NASDAQ:DOMO)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a report issued on Thursday, Benzinga reports. They currently have a $10.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 10.86% from the company’s previous close.

Separately, Morgan Stanley cut their target price on Domo from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.60.

Domo Price Performance

Domo stock traded down $0.07 during trading hours on Thursday, reaching $9.02. The company had a trading volume of 94,314 shares, compared to its average volume of 399,501. The firm has a market cap of $325.44 million, a price-to-earnings ratio of -4.30 and a beta of 2.35. Domo has a 12-month low of $7.78 and a 12-month high of $18.19. The company has a 50-day moving average price of $10.60 and a 200 day moving average price of $9.83.

Insider Transactions at Domo

In other news, CFO David R. Jolley sold 23,338 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $9.33, for a total value of $217,743.54. Following the completion of the sale, the chief financial officer now owns 227,243 shares of the company’s stock, valued at approximately $2,120,177.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domo news, EVP Daren Thayne sold 41,218 shares of Domo stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $9.33, for a total transaction of $384,563.94. Following the completion of the sale, the executive vice president now owns 368,824 shares of the company’s stock, valued at approximately $3,441,127.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David R. Jolley sold 23,338 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $9.33, for a total value of $217,743.54. Following the completion of the transaction, the chief financial officer now directly owns 227,243 shares in the company, valued at $2,120,177.19. The disclosure for this sale can be found here. In the last three months, insiders sold 171,556 shares of company stock valued at $1,605,967. Corporate insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Domo

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Domo by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 4,718,054 shares of the company’s stock valued at $48,549,000 after acquiring an additional 173,655 shares during the last quarter. BlackRock Inc. boosted its holdings in Domo by 6.0% in the first quarter. BlackRock Inc. now owns 3,714,875 shares of the company’s stock valued at $52,714,000 after purchasing an additional 210,957 shares during the last quarter. Ameriprise Financial Inc. grew its position in Domo by 87.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,771,998 shares of the company’s stock worth $17,383,000 after purchasing an additional 828,342 shares during the period. First Trust Advisors LP raised its stake in shares of Domo by 24.2% during the 1st quarter. First Trust Advisors LP now owns 1,419,328 shares of the company’s stock valued at $71,775,000 after buying an additional 276,217 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Domo by 23.9% in the 2nd quarter. State Street Corp now owns 1,116,613 shares of the company’s stock valued at $16,370,000 after buying an additional 215,389 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

About Domo

Domo, Inc 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 from smartphones.