Insider Selling: Domo (NASDAQ:DOMO) Insider Sells $101,798.69 in Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 27,439 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $3.71, for a total transaction of $101,798.69. Following the transaction, the insider owned 4,289,295 shares in the company, valued at $15,913,284.45. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was 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 stock was 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 stock was sold at an average price of $3.84, for a total transaction of $91,656.96.
• On Tuesday, May 26th, Rpd Fund Management Llc sold 15,828 shares of Domo stock. The stock was 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 stock was 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 Tuesday, May 19th, Rpd Fund Management Llc sold 32,955 shares of Domo stock. The shares were sold at an average price of $3.79, for a total transaction of $124,899.45.
• 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 Price Performance

Shares of NASDAQ DOMO opened at $3.41 on Friday. Domo, Inc. has a 12-month low of $2.39 and a 12-month high of $18.49. The company has a market capitalization of $153.96 million, a PE ratio of -2.35 and a beta of 1.78. The firm’s 50-day moving average is $3.49 and its two-hundred day moving average is $5.70.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. The company’s quarterly revenue was up 1% on a year-over-year basis. On average, analysts forecast that Domo, Inc. will post -1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Citizens Jmp reaffirmed an “underperform” rating and issued a $3.50 price target on shares of Domo in a report on Friday, February 13th. Stephens reduced their price objective on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Lake Street Capital reduced their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.92.

Hedge Funds Weigh In On Domo

Several institutional investors and hedge funds have recently modified their holdings of the company. Brevan Howard Capital Management LP lifted its stake in shares of Domo by 3.9% during the third quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock valued at $804,000 after buying an additional 1,924 shares during the period. Verition Fund Management LLC lifted its stake in shares of Domo by 8.1% during the fourth quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock valued at $302,000 after buying an additional 2,679 shares during the period. Creative Planning lifted its stake in shares of Domo by 23.2% during the second quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after buying an additional 2,889 shares during the period. Headlands Technologies LLC purchased a new position in shares of Domo during the second quarter valued at approximately $42,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of Domo during the fourth quarter valued at approximately $28,000. 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.