Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 11,837 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 11,837 shares of Domo stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.65, for a total value of $43,205.05. Following the completion of the transaction, the insider directly owned 4,332,562 shares of the company’s stock, valued at approximately $15,813,851.30. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 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 value 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 value 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 value 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 value 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 value of $2,818,304.00.

Domo Stock Performance

Shares of DOMO opened at $3.75 on Thursday. The stock has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $5.78. The stock has a market capitalization of $169.31 million, a PE ratio of -2.59 and a beta of 1.78. Domo, Inc. has a 1 year low of $2.39 and a 1 year 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 during the quarter, compared to analysts’ expectations of $78.65 million. Domo’s revenue was up 1% on a year-over-year basis. Analysts predict that Domo, Inc. will post -1.43 EPS for the current year.

Analyst Upgrades and Downgrades

DOMO has been the subject of several recent analyst reports. Citizens Jmp restated an “underperform” rating and set 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. 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. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Citigroup cut Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. Three equities research 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, Domo presently has a consensus rating of “Hold” and an average target price of $6.92.

Trending Headlines about 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

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPD Fund Management LLC lifted its stake in Domo by 27.3% in the first 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 during the last quarter. Capital Research Global Investors lifted its stake in Domo by 8.2% in the fourth 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 during the last quarter. Portolan Capital Management LLC lifted its stake in Domo by 142.3% in the third 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 during the last quarter. AIGH Capital Management LLC increased its holdings in shares of Domo by 37.0% in the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock valued at $15,492,000 after purchasing an additional 496,244 shares during the period. Finally, State Street Corp increased its holdings in shares of Domo by 33.9% in the fourth quarter. State Street Corp now owns 1,285,753 shares of the company’s stock valued at $10,839,000 after purchasing an additional 325,239 shares during the period. Hedge funds and other 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.