Insider Selling: Domo (NASDAQ:DOMO) Insider Sells $74,297.20 in Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 20,870 shares of Domo stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $3.56, for a total value of $74,297.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $2.56, for a total transaction of $2,818,304.00.

Domo Stock Performance

Domo stock opened at $3.41 on Friday. The firm’s 50-day moving average is $3.49 and its 200-day moving average is $5.70. Domo, Inc. has a 1 year low of $2.39 and a 1 year high of $18.49. The company has a market cap of $153.96 million, a P/E ratio of -2.35 and a beta of 1.78.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. The business’s quarterly revenue was up 1% compared to the same quarter last year. As a group, sell-side analysts predict that Domo, Inc. will post -1.43 earnings per share for the current year.

Analyst Ratings Changes

DOMO has been the subject of a number of research reports. Citizens Jmp restated an “underperform” rating and issued a $3.50 target price on shares of Domo in a research note on Friday, February 13th. DA Davidson decreased 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. Citigroup downgraded Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. Lake Street Capital decreased their target price on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Finally, Stephens decreased 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.92.

Institutional Investors Weigh In On Domo

A number of hedge funds have recently made changes to their positions in DOMO. AQR Capital Management LLC raised its holdings in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after buying an additional 5,985 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Domo during the first quarter valued at approximately $237,000. Goldman Sachs Group Inc. raised its holdings in shares of Domo by 22.5% during the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after buying an additional 31,740 shares during the last quarter. Creative Planning raised its holdings in shares of Domo by 23.2% during the second quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after buying an additional 2,889 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Domo by 9.6% during the second quarter. Rhumbline Advisers now owns 54,308 shares of the company’s stock valued at $759,000 after buying an additional 4,751 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

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.