Domo (NASDAQ:DOMO) Insider Sells $101,798.69 in Stock

Key Points

• Domo insider selling continued: Rpd Fund Management LLC sold 27,439 shares on May 27 for about $101,799, adding to a string of recent insider sales that included multiple transactions in late May and a much larger 1.1 million-share sale in April.
• The stock fell sharply: Domo shares were down 12.4% to $3.75 in Wednesday trading, with the price still well below its 200-day moving average of $5.90 and far under its 12-month high of $18.49.
• Fundamentals and sentiment remain mixed: The company recently missed EPS expectations despite slightly beating revenue estimates, and analysts currently rate the stock a consensus Hold with a $6.92 target price.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) insider Rpd Fund Management Llc sold 27,439 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.71, for a total transaction of $101,798.69. Following the completion of the sale, the insider directly owned 4,289,295 shares of the company's stock, valued at $15,913,284.45. The trade was a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $4.46, for a total transaction 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 transaction 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 transaction of $91,656.96.
• 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 transaction 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 transaction of $43,205.05.
• On Wednesday, May 20th, Rpd Fund Management Llc sold 20,870 shares of Domo stock. The stock was sold at an average price of $3.56, for a total transaction of $74,297.20.
• 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 transaction 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 transaction 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 transaction 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 Down 12.4%

Shares of NASDAQ DOMO traded down $0.53 during trading hours on Wednesday, hitting $3.75. 588,717 shares of the stock were exchanged, compared to its average volume of 1,508,583. The company has a market cap of $169.31 million, a PE ratio of -2.59 and a beta of 1.78. The firm has a fifty day moving average price of $3.47 and a 200-day moving average price of $5.90. Domo, Inc. has a 12 month low of $2.39 and a 12 month high of $18.49.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The company had revenue of $79.63 million for the quarter, compared to analysts' expectations of $78.65 million. Domo's revenue for the quarter was up 1% on a year-over-year basis. As a group, equities analysts anticipate that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of Domo

A number of hedge funds have recently added to or reduced their stakes in DOMO. RPD Fund Management LLC boosted its holdings in Domo by 11,294.3% during the fourth quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company's stock worth $30,545,000 after buying an additional 3,591,600 shares in the last quarter. Capital Research Global Investors purchased a new stake in Domo during the third quarter worth $43,560,000. Portolan Capital Management LLC boosted its holdings in 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 buying an additional 1,576,884 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Domo during the fourth quarter worth $8,108,000. Finally, First Trust Advisors LP purchased a new stake in Domo during the third quarter worth $9,744,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DOMO. Lake Street Capital cut their price target on shares of Domo from $13.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, March 11th. Stephens cut their price target on shares of Domo from $18.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Wall Street Zen lowered shares of Domo from a "buy" rating to a "hold" rating in a research note on Sunday, March 29th. DA Davidson cut their price objective on shares of Domo from $10.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 11th. Finally, Cantor Fitzgerald cut their price objective on shares of Domo from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.92.

More Domo News

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo announced an AI-focused healthcare operations collaboration with Regional One Health Solutions, built on AWS, which could support longer-term demand for its analytics platform. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
• Neutral Sentiment: Investors are also focused on Domo’s upcoming quarterly earnings, which adds event risk and may be keeping traders cautious ahead of results. Domo (DOMO) Projected to Post Quarterly Earnings on Tuesday
• Negative Sentiment: Multiple filings showed Rpd Fund Management LLC trimming its stake in repeated transactions, including a large 1.1 million-share sale in April and several smaller sales in late May and early June, which can signal reduced insider confidence. SEC insider filing
• Negative Sentiment: A broader market note also said Domo, along with peers like ZoomInfo and Upland Software, was trading lower as software stocks came under pressure. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know

Domo Company Profile

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.

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