Tod Crane Sells 68,483 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CFO Tod Crane sold 68,483 shares of Domo stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $162,989.54. Following the completion of the transaction, the chief financial officer directly owned 276,809 shares of the company’s stock, valued at approximately $658,805.42. This represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Domo Stock Performance

Shares of NASDAQ:DOMO opened at $2.44 on Friday. The company’s fifty day moving average is $3.44 and its two-hundred day moving average is $4.83. Domo, Inc. has a 1-year low of $1.84 and a 1-year high of $18.49. The stock has a market capitalization of $110.17 million, a price-to-earnings ratio of -1.83 and a beta of 1.78.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Monday, June 15th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.64 million. During the same period last year, the firm posted ($0.69) earnings per share. Sell-side analysts expect that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RPD Fund Management LLC raised its stake in Domo by 27.3% during the 1st quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock valued at $14,118,000 after acquiring an additional 990,326 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Domo by 8.2% in the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock worth $25,084,000 after purchasing an additional 225,558 shares in the last quarter. Portolan Capital Management LLC increased its holdings 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 valued at $42,526,000 after purchasing an additional 1,576,884 shares during the period. AIGH Capital Management LLC increased its holdings in shares of Domo by 37.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock valued at $15,492,000 after purchasing an additional 496,244 shares during the period. Finally, State Street Corp raised its stake in shares of Domo by 33.9% during the fourth quarter. State Street Corp now owns 1,285,753 shares of the company’s stock valued at $10,839,000 after purchasing an additional 325,239 shares in the last quarter. 76.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOMO has been the subject of several recent research reports. Lake Street Capital lowered their target price on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Stephens restated an “overweight” rating on shares of Domo in a research note on Tuesday, June 16th. Citizens Jmp dropped their target price on Domo from $3.50 to $2.25 and set a “market underperform” rating on the stock in a research report on Tuesday, June 16th. Finally, Cantor Fitzgerald cut their target price on Domo from $8.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.