Domo, Inc. (NASDAQ:DOMO) Short Interest Up 6.0% in September

Domo, Inc. (NASDAQ:DOMO) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,290,000 shares, a growth of 6.0% from the August 31st total of 2,160,000 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average trading volume of 356,400 shares, the days-to-cover ratio is presently 6.4 days.

Insider Buying and Selling

In other news, CFO David R. Jolley bought 10,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $6.99 per share, for a total transaction of $69,900.00. Following the completion of the acquisition, the chief financial officer now owns 291,465 shares in the company, valued at approximately $2,037,340.35. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Domo

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Domo by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock valued at $43,050,000 after purchasing an additional 108,200 shares during the last quarter. Acadian Asset Management LLC grew its stake in Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after buying an additional 317,388 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Domo by 0.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock worth $5,606,000 after acquiring an additional 2,501 shares during the last quarter. 272 Capital LP boosted its holdings in shares of Domo by 52.1% during the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after acquiring an additional 142,609 shares during the period. Finally, Invenomic Capital Management LP grew its position in shares of Domo by 42.1% in the first quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock valued at $2,827,000 after purchasing an additional 93,858 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Trading Down 5.0 %

Shares of DOMO opened at $7.14 on Wednesday. The company has a market cap of $272.38 million, a price-to-earnings ratio of -3.40 and a beta of 2.44. The company’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $7.68. Domo has a 1-year low of $6.11 and a 1-year high of $12.23.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.21. The firm had revenue of $78.41 million during the quarter, compared to analyst estimates of $76.60 million. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.44) earnings per share. As a group, research analysts forecast that Domo will post -2.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on DOMO shares. TD Cowen raised their target price on shares of Domo from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research note on Friday, August 30th. Finally, DA Davidson lifted their price target on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.60.

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.