Domo, Inc. (NASDAQ:DOMO) Shares Sold by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC trimmed its holdings in shares of Domo, Inc. (NASDAQ:DOMO) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 781,371 shares of the company’s stock after selling 9,410 shares during the period. Domo makes up 9.3% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 2nd biggest position. Whetstone Capital Advisors LLC’s holdings in Domo were worth $43,983,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Domo by 170.6% during the 1st quarter. JPMorgan Chase & Co. now owns 100,942 shares of the company’s stock valued at $5,682,000 after purchasing an additional 63,633 shares in the last quarter. Quilter Plc acquired a new stake in Domo during the 1st quarter valued at $901,000. Panagora Asset Management Inc. increased its holdings in Domo by 40.2% during the 1st quarter. Panagora Asset Management Inc. now owns 132,850 shares of the company’s stock valued at $7,478,000 after purchasing an additional 38,123 shares in the last quarter. Karani Asset Management LLC acquired a new stake in Domo during the 1st quarter valued at $636,000. Finally, Sciencast Management LP acquired a new stake in Domo during the 1st quarter valued at $372,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:DOMO traded up $0.64 during midday trading on Friday, hitting $70.29. The company had a trading volume of 6,655 shares, compared to its average volume of 417,981. Domo, Inc. has a 12 month low of $27.20 and a 12 month high of $79.00. The company has a market cap of $2.19 billion, a PE ratio of -27.05 and a beta of 2.96. The business has a fifty day moving average of $61.88.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Wednesday, May 26th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.18. The company had revenue of $60.10 million during the quarter, compared to the consensus estimate of $57.24 million. During the same quarter in the prior year, the business earned ($0.65) earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts expect that Domo, Inc. will post -2.46 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Domo from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, March 26th. Needham & Company LLC lifted their target price on Domo from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, May 28th. Zacks Investment Research cut Domo from a “hold” rating to a “sell” rating in a research note on Thursday, June 3rd. UBS Group raised Domo from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $90.00 in a research note on Monday, March 15th. Finally, JMP Securities lifted their target price on Domo from $80.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, March 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.14.

Domo Company Profile

Domo, Inc operates a cloud-based platform in the United States. 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.

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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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