In yesterday’s Wall Street session, Domo Inc. (NASDAQ:DOMO) shares traded at $13.26, down -19.39% from the previous session.
DOMO stock price is now -9.29% away from the 50-day moving average and -36.58% away from the 200-day moving average. The market capitalization of the company currently stands at $444.48M.
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With the price target reduced from $24 to $16, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Domo Inc. (NASDAQ: DOMO). On October 18, 2022, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, Wong Catherine, Chief Operating Officer sold 3,750 shares of the company’s stock on Dec 22. The stock was sold for $52,359 at an average price of $13.96. Upon completion of the transaction, the Chief Operating Officer now directly owns 295,008 shares in the company, valued at $3.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21, CEO MELLOR JOHN M sold 6,924 shares of the business’s stock. A total of $101,461 was realized by selling the stock at an average price of $14.65. This leaves the insider owning 365,353 shares of the company worth $4.84 million. Insiders disposed of 385,543 shares of company stock worth roughly $5.11 million over the past 1 year. A total of 3.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOMO stock. A new stake in Domo Inc. shares was purchased by TRIGRAN INVESTMENTS, INC. during the first quarter worth $5,091,000. PALOGIC VALUE MANAGEMENT, L.P. invested $3,208,000 in shares of DOMO during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Domo Inc. valued at approximately $1,854,000. HRT FINANCIAL LP acquired a new stake in DOMO for approximately $1,428,000. GSA CAPITAL PARTNERS LLP purchased a new stake in DOMO valued at around $1,220,000 in the second quarter. In total, there are 237 active investors with 80.70% ownership of the company’s stock.
Tuesday morning saw Domo Inc. (NASDAQ: DOMO) opened at $12.41. During the past 12 months, Domo Inc. has had a low of $11.35 and a high of $57.41. The fifty day moving average price for DOMO is $14.62 and a two-hundred day moving average price translates $20.91 for the stock.
The latest earnings results from Domo Inc. (NASDAQ: DOMO) was released for Oct, 2022. According to the Software – Application Company, earnings per share came in at -$0.13, beating analysts’ expectations of -$0.26 by 0.13. This compares to -$0.88 EPS in the same period last year. The net profit margin was -39.80% and return on equity was 87.30% for DOMO. The company reported revenue of $79.03 million for the quarter, compared to $65.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.43 percent. For the current quarter, analysts expect DOMO to generate $77.47M in revenue.
Domo Inc.(DOMO) Company Profile
Domo, Inc. operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the 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. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was incorporated in 2010 and is headquartered in American Fork, Utah.
