Semanteon Capital Management LP Invests $350,000 in Domo, Inc. (NASDAQ:DOMO)

Semanteon Capital Management LP acquired a new position in shares of Domo, Inc. (NASDAQ:DOMO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,995 shares of the company’s stock, valued at approximately $350,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Domo by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after acquiring an additional 2,212 shares in the last quarter. Oak Thistle LLC bought a new stake in Domo during the fourth quarter worth about $107,000. Crewe Advisors LLC raised its holdings in Domo by 67.2% during the third quarter. Crewe Advisors LLC now owns 12,149 shares of the company’s stock worth $119,000 after acquiring an additional 4,883 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Domo during the third quarter worth about $181,000. Finally, Mackenzie Financial Corp raised its holdings in Domo by 28.2% during the third quarter. Mackenzie Financial Corp now owns 20,444 shares of the company’s stock worth $194,000 after acquiring an additional 4,495 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Domo Stock Down 0.4 %

Shares of DOMO stock traded down $0.03 during trading hours on Friday, reaching $7.59. The company’s stock had a trading volume of 248,070 shares, compared to its average volume of 407,057. The firm’s 50 day simple moving average is $9.49 and its 200-day simple moving average is $9.61. The company has a market capitalization of $288.65 million, a price-to-earnings ratio of -3.61 and a beta of 2.32. Domo, Inc. has a fifty-two week low of $7.24 and a fifty-two week high of $18.19.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.05). The company had revenue of $80.18 million during the quarter, compared to analyst estimates of $79.46 million. Sell-side analysts predict that Domo, Inc. will post -2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “neutral” rating and set a $10.00 target price on shares of Domo in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.60.

Insider Transactions at Domo

In other news, EVP Daren Thayne sold 41,218 shares of Domo stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $9.33, for a total value of $384,563.94. Following the completion of the transaction, the executive vice president now directly owns 368,824 shares of the company’s stock, valued at approximately $3,441,127.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO David R. Jolley sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the sale, the chief financial officer now directly owns 215,543 shares in the company, valued at approximately $1,832,115.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daren Thayne sold 41,218 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $9.33, for a total value of $384,563.94. Following the completion of the sale, the executive vice president now owns 368,824 shares of the company’s stock, valued at $3,441,127.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,056 shares of company stock valued at $1,911,367. Corporate insiders own 12.77% of the company’s stock.

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.