Joshua James Sells 96,088 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua James sold 96,088 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $228,689.44. Following the sale, the chief executive officer directly owned 1,638,873 shares in the company, valued at $3,900,517.74. This trade represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Domo Stock Performance

Shares of Domo stock opened at $2.44 on Friday. The stock has a market capitalization of $110.17 million, a PE ratio of -1.83 and a beta of 1.78. Domo, Inc. has a 52-week low of $1.84 and a 52-week high of $18.49. The company has a 50-day simple moving average of $3.44 and a two-hundred day simple moving average of $4.83.

Domo (NASDAQ:DOMO) last issued its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.64 million. During the same quarter in the prior year, the company posted ($0.69) EPS. As a group, equities research analysts forecast that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in DOMO. Headlands Technologies LLC bought a new stake in Domo in the second quarter worth about $42,000. Global Wealth Strategies & Associates bought a new stake in shares of Domo during the 4th quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new position in Domo during the 2nd quarter valued at $122,000. Andina Capital Management LLC bought a new position in Domo in the 4th quarter valued at $84,000. Finally, Oxford Asset Management LLP purchased a new stake in Domo in the fourth quarter worth $88,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DOMO. UBS Group reissued a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. DA Davidson reaffirmed a “neutral” rating and set a $3.50 price objective on shares of Domo in a research report on Tuesday, June 16th. Stephens reissued an “overweight” rating on shares of Domo in a research note on Tuesday, June 16th. Lake Street Capital decreased their price objective 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. Finally, Wall Street Zen downgraded Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Domo presently has an average rating of “Reduce” and an average price target of $4.83.

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.