Insider Selling: Domo (NASDAQ:DOMO) Insider Sells $91,656.96 in Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 23,869 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $3.84, for a total value of $91,656.96. Following the completion of the sale, the insider owned 4,265,426 shares of the company’s stock, valued at $16,379,235.84. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value 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 value of $158,961.96.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $2,818,304.00.

Domo Stock Performance

NASDAQ:DOMO opened at $3.41 on Friday. The stock has a fifty day moving average price of $3.49 and a 200-day moving average price of $5.70. The company has a market cap of $153.96 million, a price-to-earnings ratio of -2.35 and a beta of 1.78. Domo, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $18.49.

Domo (NASDAQ:DOMO) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million during the quarter, compared to analysts’ expectations of $78.65 million. The firm’s quarterly revenue was up 1% compared to the same quarter last year. Research analysts predict that Domo, Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of Domo

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position 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 buying an additional 16,029 shares during the last quarter. Quantinno Capital Management LP lifted its position 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 buying an additional 48,226 shares during the last quarter. RPD Fund Management LLC lifted its position 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 buying an additional 990,326 shares during the last quarter. Rangeley Capital LLC bought a new stake in shares of Domo during the 1st quarter worth $80,000. Finally, Public Employees Retirement System of Ohio lifted its position 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 buying an additional 34,520 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOMO has been the subject of a number of recent analyst reports. Cantor Fitzgerald cut their target price on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Lake Street Capital cut their target price on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. DA Davidson cut their target price on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Finally, TD Cowen cut their target price on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.92.

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.