Investors Purchase Large Volume of Call Options on Domo (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO) was the target of unusually large options trading on Wednesday. Stock traders bought 12,131 call options on the stock. This represents an increase of 271% compared to the average daily volume of 3,271 call options.

Domo Stock Down 0.4%

DOMO stock traded down $0.01 during trading on Wednesday, hitting $3.60. The company had a trading volume of 522,161 shares, compared to its average volume of 1,751,558. The firm has a market cap of $162.31 million, a PE ratio of -2.70 and a beta of 1.79. Domo has a 1-year low of $1.84 and a 1-year high of $18.49. The firm has a 50-day moving average price of $3.38 and a 200-day moving average price of $4.52.

Domo (NASDAQ:DOMO) last announced its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.64 million. During the same quarter last year, the business posted ($0.69) earnings per share. Sell-side analysts anticipate that Domo will post -1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DOMO shares. UBS Group reissued a “neutral” rating on shares of Domo in a research note on Tuesday, June 16th. Stephens reiterated an “overweight” rating on shares of Domo in a report on Tuesday, June 16th. Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Citizens Jmp dropped their price target on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating for the company in a research note on Tuesday, June 16th. Finally, Lake Street Capital cut their price objective on Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Domo has a consensus rating of “Reduce” and an average target price of $4.83.

Insider Transactions at Domo

In related news, CFO Tod Crane sold 68,483 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $162,989.54. Following the completion of the transaction, the chief financial officer directly owned 276,809 shares in the company, valued at $658,805.42. This trade represents a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daren Thayne sold 52,365 shares of Domo stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $124,628.70. Following the completion of the transaction, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. This represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,567,562 shares of company stock valued at $4,301,792. Corporate insiders own 13.25% of the company’s stock.

Hedge Funds Weigh In On Domo

A number of large investors have recently bought and sold shares of DOMO. Global Wealth Strategies & Associates acquired a new position in shares of Domo during the fourth quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in Domo in the second quarter valued at about $42,000. Rangeley Capital LLC acquired a new stake in Domo in the first quarter valued at about $80,000. Andina Capital Management LLC purchased a new stake in Domo in the 4th quarter valued at approximately $84,000. Finally, Oxford Asset Management LLP purchased a new stake in Domo in the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Company Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.