Clearline Capital LP Sells 22,113 Shares of Domo, Inc. (NASDAQ:DOMO)

Clearline Capital LP reduced its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,406 shares of the company’s stock after selling 22,113 shares during the quarter. Clearline Capital LP owned 1.14% of Domo worth $3,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of Domo by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Domo by 51.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock worth $48,000 after buying an additional 2,100 shares in the last quarter. Sei Investments Co. increased its holdings in Domo by 7.5% in the second quarter. Sei Investments Co. now owns 103,809 shares of the company’s stock valued at $801,000 after purchasing an additional 7,222 shares during the last quarter. Quest Partners LLC boosted its stake in Domo by 291.9% during the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after acquiring an additional 10,204 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Domo by 45.4% during the second quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after purchasing an additional 11,674 shares during the period. 76.64% of the stock is owned by institutional investors.

Domo Stock Up 0.9 %

Shares of DOMO stock opened at $9.36 on Monday. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $12.23. The firm has a fifty day moving average of $8.09 and a 200-day moving average of $7.67. The company has a market capitalization of $361.58 million, a price-to-earnings ratio of -4.33 and a beta of 2.43.

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

Insider Transactions at Domo

In related news, CFO David R. Jolley purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $69,900.00. Following the completion of the purchase, the chief financial officer now directly owns 291,465 shares in the company, valued at $2,037,340.35. This trade represents a 3.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DOMO has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Friday, August 30th. DA Davidson raised their price objective on Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, TD Cowen lifted their target price on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.80.

Domo 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.