Jacobs Levy Equity Management Inc. Has $5.61 Million Stock Holdings in Domo, Inc. (NASDAQ:DOMO)

Jacobs Levy Equity Management Inc. raised its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 0.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 628,503 shares of the company’s stock after purchasing an additional 2,501 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Domo were worth $5,606,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DOMO. Acadian Asset Management LLC raised its holdings in shares of Domo by 43.8% during the first quarter. Acadian Asset Management LLC now owns 984,107 shares of the company’s stock worth $8,775,000 after acquiring an additional 299,747 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Domo by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock worth $44,581,000 after purchasing an additional 190,496 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Domo by 192.5% in the 1st quarter. GSA Capital Partners LLP now owns 193,106 shares of the company’s stock valued at $1,723,000 after purchasing an additional 127,091 shares during the last quarter. King Luther Capital Management Corp bought a new stake in Domo in the fourth quarter worth $1,133,000. Finally, Sierra Summit Advisors LLC acquired a new position in Domo during the fourth quarter worth $938,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel David Daniel III acquired 150,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $6.69 per share, for a total transaction of $1,003,500.00. Following the acquisition, the director now owns 411,400 shares in the company, valued at approximately $2,752,266. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Daniel David Daniel III acquired 150,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $6.69 per share, with a total value of $1,003,500.00. Following the acquisition, the director now owns 411,400 shares of the company’s stock, valued at $2,752,266. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daren Thayne sold 7,095 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $6.85, for a total value of $48,600.75. Following the completion of the transaction, the executive vice president now owns 406,663 shares of the company’s stock, valued at $2,785,641.55. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by insiders.

Domo Stock Performance

Shares of Domo stock traded down $0.17 during trading on Tuesday, reaching $8.19. The company’s stock had a trading volume of 362,820 shares, compared to its average volume of 406,033. The business’s fifty day moving average price is $7.33 and its 200-day moving average price is $8.68. Domo, Inc. has a one year low of $6.11 and a one year high of $18.19. The firm has a market cap of $312.61 million, a price-to-earnings ratio of -3.90 and a beta of 2.45.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The business had revenue of $80.10 million during the quarter, compared to the consensus estimate of $79.57 million. Sell-side analysts anticipate that Domo, Inc. will post -2.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen reduced their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Monday, July 1st. Lake Street Capital cut Domo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $8.00 in a research report on Friday, May 24th. Finally, Morgan Stanley dropped their price target on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.20.

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.