Rpd Fund Management Llc Sells 38,583 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMOGet Free Report) insider Rpd Fund Management Llc sold 38,583 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.12, for a total value of $158,961.96. Following the completion of the transaction, the insider directly owned 4,226,843 shares of the company’s stock, valued at approximately $17,414,593.16. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $174,091.64.
  • 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 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 value 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 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 Up 3.2%

DOMO stock opened at $3.87 on Friday. Domo, Inc. has a 52 week low of $2.39 and a 52 week high of $18.49. The business has a 50-day simple moving average of $3.49 and a 200 day simple moving average of $5.72. The company has a market cap of $174.72 million, a PE ratio of -2.67 and a beta of 1.78.

Domo (NASDAQ:DOMOGet Free Report) last released its 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 business had revenue of $79.63 million during the quarter, compared to analysts’ expectations of $78.65 million. The company’s revenue was up 1% on a year-over-year basis. On average, analysts anticipate that Domo, Inc. will post -1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup cut Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. DA Davidson decreased their target price on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Stephens decreased their target price on Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. TD Cowen decreased their target price on Domo from $16.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Citizens Jmp reiterated an “underperform” rating and issued a $3.50 target price on shares of Domo in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.92.

Read Our Latest Research Report on DOMO

Domo News Summary

Here are the key news stories impacting Domo this week:

Institutional Trading of Domo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Portolan Capital Management LLC grew its holdings in shares of Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after purchasing an additional 1,576,884 shares during the last quarter. AIGH Capital Management LLC grew its holdings in shares of Domo by 37.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after purchasing an additional 496,244 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Domo during the third quarter worth about $43,560,000. Rockwood Wealth Management LLC grew its holdings in shares of Domo by 16.1% during the first quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock worth $166,000 after purchasing an additional 7,507 shares during the last quarter. Finally, Andina Capital Management LLC bought a new stake in shares of Domo during the fourth quarter worth about $84,000. 76.64% of the stock is currently owned by institutional investors.

Domo Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Domo (NASDAQ:DOMO)

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