American International Group Inc. increased its stake in Domo Inc (NASDAQ:DOMO) by 102.0% in the 1st quarter, HoldingsChannel reports. The fund owned 10,688 shares of the company’s stock after acquiring an additional 5,396 shares during the quarter. American International Group Inc.’s holdings in Domo were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOMO. Rhumbline Advisers grew its position in shares of Domo by 107.5% during the first quarter. Rhumbline Advisers now owns 20,758 shares of the company’s stock worth $837,000 after acquiring an additional 10,756 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Domo during the first quarter worth $1,103,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Domo during the first quarter worth $141,000. Hartwell J M Limited Partnership acquired a new stake in shares of Domo during the first quarter worth $202,000. Finally, We Are One Seven LLC acquired a new stake in shares of Domo during the first quarter worth $220,000. 70.41% of the stock is owned by institutional investors.

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 filing with the Securities & Exchange Commission, which is available at the SEC website. 21.97% of the stock is currently owned by company insiders.

Shares of NASDAQ DOMO opened at $28.71 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.77 and a quick ratio of 1.77. Domo Inc has a 1-year low of $13.28 and a 1-year high of $47.08. The firm has a market cap of $794.91 million and a P/E ratio of -3.04.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($1.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.45) by $0.37. Domo had a negative return on equity of 210.31% and a negative net margin of 95.39%. The firm had revenue of $40.80 million during the quarter, compared to the consensus estimate of $40.69 million. Domo’s quarterly revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts predict that Domo Inc will post -4.82 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Domo from a “buy” rating to a “hold” rating in a report on Monday, May 27th. Credit Suisse Group increased their price target on Domo from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Morgan Stanley set a $47.00 price target on Domo and gave the stock a “buy” rating in a report on Friday, June 7th. JMP Securities increased their price target on Domo from $35.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Needham & Company LLC increased their price target on Domo from $27.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.38.

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About Domo

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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