Cim Investment Management Inc. Lowers Position in Domo, Inc. (NASDAQ:DOMO)

Cim Investment Management Inc. cut its stake in shares of Domo, Inc. (NASDAQ:DOMO) by 19.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,311 shares of the company’s stock after selling 4,142 shares during the period. Cim Investment Management Inc.’s holdings in Domo were worth $134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Domo by 4.1% during the fourth quarter. BNP Paribas Financial Markets now owns 43,707 shares of the company’s stock valued at $450,000 after acquiring an additional 1,704 shares during the period. Aristides Capital LLC bought a new stake in Domo during the fourth quarter valued at about $274,000. Sierra Summit Advisors LLC bought a new stake in shares of Domo in the fourth quarter worth about $938,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Domo in the first quarter worth about $43,000. Finally, Caliber Wealth Management LLC increased its holdings in shares of Domo by 18.9% in the first quarter. Caliber Wealth Management LLC now owns 16,980 shares of the company’s stock worth $151,000 after purchasing an additional 2,704 shares during the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Domo Price Performance

Shares of NASDAQ DOMO opened at $7.27 on Friday. The business’s 50 day moving average is $7.64 and its two-hundred day moving average is $7.70. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $12.23. The stock has a market capitalization of $277.53 million, a P/E ratio of -3.46 and a beta of 2.44.

Domo (NASDAQ:DOMO) last announced 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 business had revenue of $78.41 million for the quarter, compared to analysts’ expectations of $76.60 million. During the same quarter last year, the firm earned ($0.44) EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Domo, Inc. will post -2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DOMO shares. TD Cowen lifted their target price on 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 report on Friday, August 30th. Finally, DA Davidson boosted 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. 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, Domo presently has a consensus rating of “Hold” and an average price target of $9.60.

Insider Buying and Selling at Domo

In other Domo news, CFO David R. Jolley bought 10,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $6.99 per share, for a total transaction 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 14.04% of the company’s stock.

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.