Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 20,870 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 20,870 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.56, for a total value of $74,297.20. Following the transaction, the insider owned 4,344,399 shares of the company’s stock, valued at $15,466,060.44. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 value 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 value 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 value of $91,656.96.
• On Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The stock was 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 stock was 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 stock was sold at an average price of $3.65, for a total value of $43,205.05.
• 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 Price Performance

DOMO stock opened at $3.75 on Thursday. The business has a fifty day moving average price of $3.48 and a 200 day moving average price of $5.78. Domo, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $18.49. The stock has a market capitalization of $169.31 million, a price-to-earnings ratio of -2.59 and a beta of 1.78.

Domo (NASDAQ:DOMO) last released its quarterly 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 company had revenue of $79.63 million during the quarter, compared to analysts’ expectations of $78.65 million. The firm’s revenue was up 1% compared to the same quarter last year. On average, equities analysts expect that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

More Domo News

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said it is working with Regional One Health Solutions to use AI in healthcare operations on AWS, which could support its AI narrative and showcase real-world enterprise demand. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
• Neutral Sentiment: News flow also highlighted Domo as part of a broader group of software stocks trading lower, suggesting some of the move may be driven by sector sentiment rather than company-specific fundamentals alone. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Negative Sentiment: Multiple SEC filings showed RPD Fund Management LLC repeatedly selling Domo shares in late May and early June, including a larger sale of 39,034 shares at $4.46 and several additional sales in the days before that. Repeated insider selling can weigh on investor sentiment and signal caution about near-term upside. SEC insider transaction filings

Institutional Investors Weigh In On Domo

Several hedge funds and other institutional investors have recently made changes to their positions in DOMO. RPD Fund Management LLC increased its stake in shares of Domo by 11,294.3% in the 4th quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock valued at $30,545,000 after buying an additional 3,591,600 shares during the period. Capital Research Global Investors acquired a new stake in shares of Domo during the third quarter worth $43,560,000. Portolan Capital Management LLC grew its stake in shares of Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after purchasing an additional 1,576,884 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Domo during the fourth quarter worth $8,108,000. Finally, First Trust Advisors LP acquired a new stake in shares of Domo during the third quarter worth $9,744,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 price target on shares of Domo in a report on Friday, February 13th. TD Cowen dropped their price target on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 20th. Cantor Fitzgerald lowered their target price on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Stephens lowered their target price on Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, DA Davidson lowered their target price on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.