Tower Research Capital LLC TRC Boosts Stock Position in Domo, Inc. (NASDAQ:DOMO)

Tower Research Capital LLC TRC boosted its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 161.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,624 shares of the company’s stock after purchasing an additional 1,622 shares during the period. Tower Research Capital LLC TRC’s holdings in Domo were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Domo by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after purchasing an additional 2,212 shares during the period. Oak Thistle LLC acquired a new stake in shares of Domo in the 4th quarter worth $107,000. Crewe Advisors LLC boosted its holdings in shares of Domo by 67.2% in the third quarter. Crewe Advisors LLC now owns 12,149 shares of the company’s stock valued at $119,000 after acquiring an additional 4,883 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Domo by 68.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,282 shares of the company’s stock worth $119,000 after acquiring an additional 4,971 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Domo during the third quarter worth about $181,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Domo in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.60.

Domo Trading Down 0.8 %

Shares of NASDAQ:DOMO traded down $0.06 on Friday, reaching $7.45. 210,394 shares of the company were exchanged, compared to its average volume of 412,502. The company has a 50-day moving average of $9.09 and a 200-day moving average of $9.54. The firm has a market cap of $283.33 million, a price-to-earnings ratio of -3.55 and a beta of 2.35. Domo, Inc. has a 1-year low of $7.24 and a 1-year high of $18.19.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The company had revenue of $80.18 million for the quarter, compared to analysts’ expectations of $79.46 million. As a group, analysts forecast that Domo, Inc. will post -2 earnings per share for the current year.

Insider Transactions at Domo

In other Domo news, EVP Daren Thayne sold 41,218 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $9.33, for a total transaction of $384,563.94. Following the sale, the executive vice president now directly owns 368,824 shares in the company, valued at $3,441,127.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Domo news, EVP Daren Thayne sold 41,218 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $9.33, for a total transaction of $384,563.94. Following the completion of the transaction, the executive vice president now directly owns 368,824 shares in the company, valued at approximately $3,441,127.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David R. Jolley sold 23,338 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 $217,743.54. Following the transaction, the chief financial officer now owns 227,243 shares of the company’s stock, valued at approximately $2,120,177.19. The disclosure for this sale can be found here. Insiders have sold 206,056 shares of company stock valued at $1,911,367 in the last quarter. 12.77% of the stock is currently owned by corporate insiders.

About Domo

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.