Charles Schwab Investment Management Inc. Has $1.80 Million Holdings in Domo, Inc. (NASDAQ:DOMO)

Charles Schwab Investment Management Inc. decreased its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,610 shares of the company’s stock after selling 12,943 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Domo were worth $1,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOMO. Bank of New York Mellon Corp lifted its stake in shares of Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after buying an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Domo by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after buying an additional 2,091 shares in the last quarter. SG Americas Securities LLC raised its position in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Domo by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock worth $5,704,000 after buying an additional 4,091 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in shares of Domo by 38.1% in the 3rd quarter. Centiva Capital LP now owns 24,749 shares of the company’s stock valued at $186,000 after purchasing an additional 6,828 shares in the last quarter. 76.64% of the stock is owned by institutional investors.

Domo Trading Down 3.6 %

DOMO stock opened at $7.96 on Friday. The stock has a market cap of $311.30 million, a P/E ratio of -3.63 and a beta of 2.56. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $10.15. The stock’s fifty day simple moving average is $8.25 and its two-hundred day simple moving average is $7.95.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million during the quarter, compared to analyst estimates of $77.95 million. As a group, analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $8.31, for a total transaction of $207,750.00. Following the sale, the director now directly owns 255,743 shares in the company, valued at $2,125,224.33. This represents a 8.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 14.04% of the stock is owned by insiders.

Analyst Ratings Changes

DOMO has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Domo from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of Domo in a research report on Thursday, March 20th. DA Davidson upgraded shares of Domo to a “hold” rating in a report on Monday, March 10th. Lake Street Capital decreased their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, Cowen reaffirmed a “hold” rating on shares of Domo in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.42.

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.