Domo, Inc. (NASDAQ:DOMO) EVP Sells $48,600.75 in Stock

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 7,095 shares of Domo stock in a transaction on Friday, June 21st. The stock was sold at an average price of $6.85, for a total transaction of $48,600.75. Following the transaction, the executive vice president now owns 406,663 shares in the company, valued at approximately $2,785,641.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Daren Thayne also recently made the following trade(s):

• On Thursday, April 4th, Daren Thayne sold 22,500 shares of Domo stock. The stock was sold at an average price of $9.04, for a total value of $203,400.00.

Domo Stock Up 2.0 %

DOMO opened at $7.54 on Thursday. The company has a fifty day moving average of $7.15 and a 200 day moving average of $9.03. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $18.19.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The business had revenue of $80.10 million for the quarter, compared to analyst estimates of $79.57 million. Sell-side analysts predict that Domo, Inc. will post -2.4 earnings per share for the current year.

Institutional Trading of Domo

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of Domo by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 21,818 shares of the company’s stock valued at $225,000 after purchasing an additional 1,374 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Domo by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after purchasing an additional 1,622 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Domo by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after buying an additional 1,630 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Domo by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after buying an additional 2,212 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Domo by 3.8% during the 3rd quarter. Swiss National Bank now owns 67,800 shares of the company’s stock valued at $665,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DOMO shares. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Thursday, June 20th. Morgan Stanley reduced their price objective on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. DA Davidson restated a “neutral” rating and set a $10.00 target price on shares of Domo in a research note on Thursday, March 28th. TD Cowen cut their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Finally, Lake Street Capital lowered Domo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $8.00 in a research note on Friday, May 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.20.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.