Insider Selling: Domo (NASDAQ:DOMO) EVP Sells $124,628.70 in Stock

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 52,365 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $124,628.70. Following the transaction, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Domo Price Performance

Shares of DOMO stock traded up $0.51 during trading hours on Wednesday, reaching $2.75. The stock had a trading volume of 5,853,908 shares, compared to its average volume of 2,300,149. The firm has a market capitalization of $124.16 million, a PE ratio of -2.07 and a beta of 1.78. The firm has a 50-day simple moving average of $3.45 and a 200-day simple moving average of $4.87. Domo, Inc. has a twelve month low of $1.84 and a twelve month high of $18.49.

Domo (NASDAQ:DOMO) last posted its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.64 million. During the same period in the previous year, the firm earned ($0.69) earnings per share. On average, equities analysts anticipate that Domo, Inc. will post -1.42 earnings per share for the current year.

Hedge Funds Weigh In On Domo

Hedge funds have recently modified their holdings of the company. RPD Fund Management LLC raised its stake in shares of Domo by 27.3% in 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 in the last quarter. Capital Research Global Investors grew its holdings in Domo by 8.2% during the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock worth $25,084,000 after acquiring an additional 225,558 shares during the period. Portolan Capital Management LLC grew its holdings in 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 acquiring an additional 1,576,884 shares during the period. AIGH Capital Management LLC raised its position in Domo by 37.0% in the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after acquiring an additional 496,244 shares in the last quarter. Finally, State Street Corp raised its position in Domo by 33.9% in the fourth quarter. State Street Corp now owns 1,285,753 shares of the company’s stock worth $10,839,000 after acquiring an additional 325,239 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOMO has been the topic of several recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Domo in a research note on Tuesday, June 16th. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and lowered their price target for the company from $6.00 to $3.25 in a report on Tuesday, June 16th. Lake Street Capital cut 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. DA Davidson reaffirmed a “neutral” rating and issued a $3.50 price objective on shares of Domo in a report on Tuesday, June 16th. Finally, Cantor Fitzgerald decreased their target price on shares of Domo from $8.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.83.

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.