Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 22,683 Shares

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 22,683 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $3.49, for a total value of $79,163.67. Following the completion of the sale, the insider owned 4,414,852 shares in the company, valued at $15,407,833.48. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 transaction of $43,205.05.
• On Wednesday, May 20th, Rpd Fund Management Llc sold 20,870 shares of Domo stock. The stock was sold at an average price of $3.56, for a total transaction of $74,297.20.
• On Tuesday, May 19th, Rpd Fund Management Llc sold 32,955 shares of Domo stock. The stock was sold at an average price of $3.79, for a total transaction of $124,899.45.
• On Monday, May 18th, Rpd Fund Management Llc sold 16,628 shares of Domo stock. The stock was sold at an average price of $3.66, for a total transaction of $60,858.48.
• On Monday, April 13th, Rpd Fund Management Llc sold 1,100,900 shares of Domo stock. The stock was sold at an average price of $2.56, for a total transaction of $2,818,304.00.

Domo Stock Down 12.4%

Shares of DOMO opened at $3.75 on Thursday. Domo, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $18.49. The firm’s 50 day moving average price is $3.48 and its 200 day moving average price is $5.78. The company has a market cap of $169.31 million, a P/E ratio of -2.59 and a beta of 1.78.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The business had revenue of $79.63 million during the quarter, compared to the consensus estimate of $78.65 million. The company’s quarterly revenue was up 1% on a year-over-year basis. Research analysts forecast that Domo, Inc. will post -1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. RPD Fund Management LLC boosted its holdings 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 valued at $14,118,000 after buying an additional 990,326 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Domo by 8.2% in the 4th quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock valued at $25,084,000 after buying an additional 225,558 shares in the last quarter. Portolan Capital Management LLC boosted its holdings in shares of Domo by 142.3% in the 3rd quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after buying an additional 1,576,884 shares in the last quarter. AIGH Capital Management LLC boosted its holdings in shares of Domo by 37.0% in the 4th quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock valued at $15,492,000 after buying an additional 496,244 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Domo by 33.9% in the 4th quarter. State Street Corp now owns 1,285,753 shares of the company’s stock valued at $10,839,000 after buying an additional 325,239 shares in the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo News Summary

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cantor Fitzgerald cut their price target on Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Citizens Jmp restated an “underperform” rating and set a $3.50 price target on shares of Domo in a report on Friday, February 13th. Stephens cut their price target on Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. DA Davidson cut their price target on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.