Domo Inc (DOMO) Stake Increased by Spark Investment Management LLC

Spark Investment Management LLC lifted its stake in shares of Domo Inc (NASDAQ:DOMO) by 342.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 107,400 shares of the company’s stock after acquiring an additional 83,100 shares during the quarter. Spark Investment Management LLC’s holdings in Domo were worth $4,331,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Delta Investment Management LLC acquired a new stake in shares of Domo during the first quarter worth approximately $2,457,000. American International Group Inc. lifted its stake in Domo by 102.0% during the first quarter. American International Group Inc. now owns 10,688 shares of the company’s stock worth $431,000 after purchasing an additional 5,396 shares during the last quarter. Rhumbline Advisers lifted its stake in Domo by 107.5% during the first quarter. Rhumbline Advisers now owns 20,758 shares of the company’s stock worth $837,000 after purchasing an additional 10,756 shares during the last quarter. Brighton Jones LLC bought a new position in Domo during the first quarter worth $1,103,000. Finally, BNP Paribas Arbitrage SA bought a new position in Domo during the first quarter worth $141,000. Institutional investors and hedge funds own 64.58% of the company’s stock.

In other Domo news, EVP Catherine Wong sold 6,580 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.74, for a total value of $254,909.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DOMO stock opened at $38.03 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $1.03 billion and a price-to-earnings ratio of -4.03. Domo Inc has a 1 year low of $13.28 and a 1 year high of $47.08.

Domo (NASDAQ:DOMO) last posted its earnings results on Wednesday, March 13th. The company reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.29. The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $37.77 million. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. As a group, analysts predict that Domo Inc will post -4.69 EPS for the current year.

Several brokerages recently issued reports on DOMO. Credit Suisse Group raised their price objective on Domo from $27.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Needham & Company LLC raised their price objective on Domo from $27.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. JMP Securities raised their price objective on Domo from $35.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Zacks Investment Research upgraded Domo from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Monday, March 18th. Finally, Morgan Stanley raised their price objective on Domo from $29.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Domo has a consensus rating of “Buy” and a consensus target price of $37.25.

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Domo Company Profile

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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