Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 32,955 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $3.79, for a total transaction of $124,899.45. Following the completion of the transaction, the insider owned 4,365,269 shares in the company, valued at approximately $16,544,369.51. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Rpd Fund Management Llc also recently made the following trade(s):
- On Monday, June 1st, Rpd Fund Management Llc sold 39,034 shares of Domo stock. The shares were sold at an average price of $4.46, for a total transaction of $174,091.64.
- On Friday, May 29th, Rpd Fund Management Llc sold 38,583 shares of Domo stock. The shares were sold at an average price of $4.12, for a total transaction of $158,961.96.
- On Thursday, May 28th, Rpd Fund Management Llc sold 23,869 shares of Domo stock. The shares were sold at an average price of $3.84, for a total transaction of $91,656.96.
- On Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The shares were sold at an average price of $3.71, for a total transaction of $101,798.69.
- On Tuesday, May 26th, Rpd Fund Management Llc sold 15,828 shares of Domo stock. The shares were sold at an average price of $3.68, for a total transaction of $58,247.04.
- On Friday, May 22nd, Rpd Fund Management Llc sold 11,837 shares of Domo stock. The shares were sold at an average price of $3.65, for a total transaction of $43,205.05.
- On Wednesday, May 20th, Rpd Fund Management Llc sold 20,870 shares of Domo stock. The shares were sold at an average price of $3.56, for a total transaction of $74,297.20.
- On Monday, May 18th, Rpd Fund Management Llc sold 16,628 shares of Domo stock. The shares were sold at an average price of $3.66, for a total transaction of $60,858.48.
- On Friday, May 15th, Rpd Fund Management Llc sold 22,683 shares of Domo stock. The shares were sold at an average price of $3.49, for a total transaction of $79,163.67.
- On Monday, April 13th, Rpd Fund Management Llc sold 1,100,900 shares of Domo stock. The shares were sold at an average price of $2.56, for a total transaction of $2,818,304.00.
Domo Stock Performance
Shares of DOMO opened at $3.87 on Friday. Domo, Inc. has a 52 week low of $2.39 and a 52 week high of $18.49. The firm has a market cap of $174.72 million, a P/E ratio of -2.67 and a beta of 1.78. The firm’s 50-day simple moving average is $3.49 and its 200 day simple moving average is $5.72.
Institutional Trading of Domo
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Domo by 41.1% during the 1st quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock worth $168,000 after acquiring an additional 16,029 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Domo by 362.4% during the 1st quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock worth $188,000 after acquiring an additional 48,226 shares during the period. RPD Fund Management LLC lifted its holdings in shares of Domo by 27.3% during the 1st quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock worth $14,118,000 after acquiring an additional 990,326 shares during the period. Rangeley Capital LLC bought a new stake in shares of Domo during the 1st quarter worth approximately $80,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Domo by 316.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock worth $139,000 after acquiring an additional 34,520 shares during the period. Institutional investors own 76.64% of the company’s stock.
Domo News Summary
Here are the key news stories impacting Domo this week:
- Negative Sentiment: RPD Fund Management LLC has been trimming its Domo stake through multiple sales over the past few weeks, which may weigh on sentiment and suggest insiders are less aggressive buyers at current levels. SEC insider transaction filings
- Neutral Sentiment: Domo was also mentioned in a broader note about software stocks trading down, indicating part of the weakness may be tied to sector-wide selling rather than only company-specific news. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
- Positive Sentiment: Domo announced work with Regional One Health Solutions to apply AI in healthcare operations on AWS, which supports its growth narrative and could help demonstrate real-world demand for its platform. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
Analysts Set New Price Targets
DOMO has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Lake Street Capital decreased their target price on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Stephens decreased their target price on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Cantor Fitzgerald decreased their target price on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Domo presently has an average rating of “Hold” and a consensus price target of $6.92.
Read Our Latest Report on DOMO
About Domo
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.
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