Domo (NASDAQ:DOMO) EVP Sells 52,365 Shares

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 52,365 shares of Domo stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $124,628.70. Following the sale, the executive vice president owned 498,051 shares in the company, valued at $1,185,361.38. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Domo Stock Up 22.8%

Shares of DOMO traded up $0.51 during trading on Wednesday, reaching $2.75. The company’s stock had a trading volume of 5,853,908 shares, compared to its average volume of 2,300,149. The company has a market cap of $124.16 million, a price-to-earnings ratio of -2.07 and a beta of 1.78. The company has a fifty day moving average of $3.45 and a two-hundred day 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 released its quarterly earnings results on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company 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 business posted ($0.69) EPS. As a group, equities analysts forecast that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $3.50 target price on shares of Domo in a research report on Tuesday, June 16th. Stephens reissued an “overweight” rating on shares of Domo in a report on Tuesday, June 16th. Citizens Jmp reduced their target price on Domo from $3.50 to $2.25 and set a “market underperform” rating on the stock in a report on Tuesday, June 16th. Weiss Ratings lowered Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. Finally, UBS Group reiterated a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $4.83.

Institutional Investors Weigh In On Domo

A number of institutional investors have recently modified their holdings of DOMO. Global Wealth Strategies & Associates acquired a new stake in Domo during the fourth quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in shares of Domo during the 2nd quarter worth approximately $42,000. Rangeley Capital LLC bought a new stake in shares of Domo in the 1st quarter worth approximately $80,000. Andina Capital Management LLC acquired a new position in Domo during the 4th quarter valued at approximately $84,000. Finally, Oxford Asset Management LLP acquired a new position in Domo during the 4th quarter valued at approximately $88,000. 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.