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

Domo, Inc. (NASDAQ:DOMO) CFO Tod Crane sold 68,483 shares of the business’s 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 $162,989.54. Following the sale, the chief financial officer directly owned 276,809 shares in the company, valued at $658,805.42. This trade represents a 19.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Domo Price Performance

NASDAQ DOMO opened at $2.75 on Thursday. The business has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.87. The company has a market capitalization of $124.16 million, a P/E ratio of -2.07 and a beta of 1.78. Domo, Inc. has a 1-year low of $1.84 and a 1-year high of $18.49.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citizens Jmp cut their target price on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating for the company in a research report on Tuesday, June 16th. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings cut shares of Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 16th. Cantor Fitzgerald dropped their price objective on shares of Domo from $8.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Finally, Lake Street Capital cut their price objective on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $4.83.

Institutional Trading of Domo

A number of large investors have recently made changes to their positions in DOMO. Global Wealth Strategies & Associates purchased a new stake in Domo during the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new position in Domo in the 2nd quarter valued at about $42,000. Rangeley Capital LLC purchased a new position in Domo in the 1st quarter valued at about $80,000. Andina Capital Management LLC acquired a new stake in shares of Domo during the 4th quarter worth about $84,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Domo during the 4th quarter worth about $88,000. Institutional investors and hedge funds 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.