Jane Street Group LLC Reduces Position in Domo, Inc. (NASDAQ:DOMO)

Jane Street Group LLC trimmed its position in Domo, Inc. (NASDAQ:DOMO) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,632 shares of the company’s stock after selling 15,694 shares during the period. Jane Street Group LLC’s holdings in Domo were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Domo in the third quarter worth about $88,000. Quest Partners LLC lifted its holdings in Domo by 291.9% in the third quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after acquiring an additional 10,204 shares during the period. Olympiad Research LP acquired a new position in Domo in the third quarter valued at approximately $161,000. Centiva Capital LP boosted its position in Domo by 38.1% in the 3rd quarter. Centiva Capital LP now owns 24,749 shares of the company’s stock worth $186,000 after purchasing an additional 6,828 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. grew its stake in shares of Domo by 113.9% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after purchasing an additional 246,016 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Stock Performance

NASDAQ DOMO opened at $7.11 on Wednesday. Domo, Inc. has a one year low of $6.11 and a one year high of $12.23. The firm has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $7.83. The firm has a market cap of $278.06 million, a price-to-earnings ratio of -3.25 and a beta of 2.46.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million for the quarter, compared to analysts’ expectations of $77.56 million. The business’s revenue was down .1% on a year-over-year basis. Equities analysts predict that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DOMO shares. Lake Street Capital boosted their target price on shares of Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. TD Cowen upped their price objective on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.10.

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.