Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 23,869 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 23,869 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $3.84, for a total value of $91,656.96. Following the completion of the sale, the insider owned 4,265,426 shares of the company’s stock, valued at $16,379,235.84. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 transaction 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 transaction of $158,961.96.
• 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 transaction 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 transaction of $58,247.04.
• On Friday, May 22nd, Rpd Fund Management Llc sold 11,837 shares of Domo stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $3.66, for a total transaction 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 transaction 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 transaction of $2,818,304.00.

Domo Stock Performance

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

Domo (NASDAQ:DOMO) last posted its 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 company had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. Domo’s revenue was up 1% compared to the same quarter last year. On average, equities research analysts forecast that Domo, Inc. will post -1.43 earnings per share for the current year.

Hedge Funds Weigh In On Domo

Large investors have recently made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new position in shares of Domo during the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new position in shares of Domo during the 2nd quarter worth about $42,000. Rangeley Capital LLC purchased a new position in shares of Domo during the 1st quarter worth about $80,000. Andina Capital Management LLC purchased a new position in shares of Domo during the 4th quarter worth about $84,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Domo during the 4th quarter worth about $88,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Domo

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stephens lowered their price target on shares of Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Cantor Fitzgerald lowered their price target on shares of Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. TD Cowen lowered their price target on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Lake Street Capital lowered their price target on shares of Domo from $13.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.92.

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.