GSA Capital Partners LLP Sells 55,692 Shares of Domo, Inc. (NASDAQ:DOMO)

GSA Capital Partners LLP trimmed its position in shares of Domo, Inc. (NASDAQ:DOMO) by 56.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,703 shares of the company’s stock after selling 55,692 shares during the quarter. GSA Capital Partners LLP’s holdings in Domo were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOMO. Acadian Asset Management LLC boosted its position in shares of Domo by 32.3% during the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after purchasing an additional 317,388 shares in the last quarter. 272 Capital LP raised 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. Vanguard Group Inc. raised its holdings in shares of Domo by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock worth $43,050,000 after acquiring an additional 108,200 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Domo by 42.1% during the first quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock worth $2,827,000 after acquiring an additional 93,858 shares during the period. Finally, Ceera Investments LLC raised its holdings in shares of Domo by 27.5% during the second quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after acquiring an additional 45,899 shares during the period. 76.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DOMO. TD Cowen raised their price objective 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 restated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a report on Friday, August 30th. Finally, DA Davidson raised their price objective on shares of Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Domo currently has an average rating of “Hold” and an average target price of $9.60.

Domo Price Performance

Domo stock opened at $9.45 on Friday. The firm has a market capitalization of $365.06 million, a PE ratio of -4.38 and a beta of 2.43. The company’s 50-day moving average is $7.82 and its 200-day moving average is $7.58. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $12.23.

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

Insider Transactions at Domo

In other news, CFO David R. Jolley acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $6.99 per share, with a total value of $69,900.00. Following the completion of the transaction, the chief financial officer now directly owns 291,465 shares of the company’s stock, valued at $2,037,340.35. This trade represents a 3.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.04% of the company’s stock.

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.