Domo (NASDAQ:DOMO) Insider Sells $60,858.48 in Stock

Key Points

• Rpd Fund Management LLC sold 16,628 Domo shares on May 18 for about $60,858, continuing a series of insider sales that trimmed its stake by 0.38%.
• Domo stock was down 12.4% in midday trading to $3.75, with the shares well below their 200-day moving average and far from the 52-week high.
• The company recently missed earnings expectations, and analysts currently rate the stock a Hold on average with a consensus price target of $6.92.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) insider Rpd Fund Management Llc sold 16,628 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $3.66, for a total value of $60,858.48. Following the sale, the insider directly owned 4,398,224 shares in the company, valued at approximately $16,097,499.84. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed 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 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 stock was sold at an average price of $3.79, for a total value of $124,899.45.
• 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 value 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 value of $2,818,304.00.

Domo Stock Down 12.4%

Shares of NASDAQ DOMO traded down $0.53 during midday trading on Wednesday, hitting $3.75. 588,717 shares of the company's stock were exchanged, compared to its average volume of 1,508,583. Domo, Inc. has a 12 month low of $2.39 and a 12 month high of $18.49. The company's 50 day moving average price is $3.47 and its 200 day moving average price is $5.90. The firm has a market capitalization of $169.31 million, a PE ratio of -2.59 and a beta of 1.78.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The firm had revenue of $79.63 million during the quarter, compared to the consensus estimate of $78.65 million. The firm's quarterly revenue was up 1% compared to the same quarter last year. On average, equities research analysts anticipate that Domo, Inc. will post -1.43 EPS for the current year.

Wall Street Analyst Weigh In

DOMO has been the subject of several research reports. Citizens Jmp reissued an "underperform" rating and set a $3.50 price target on shares of Domo in a report on Friday, February 13th. Stephens dropped their price target on Domo from $18.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, April 17th. Citigroup cut Domo from an "outperform" rating to an "underperform" rating in a report on Friday, February 13th. TD Cowen dropped their price target on Domo from $16.00 to $9.00 and set a "buy" rating for the company in a report on Friday, February 20th. Finally, Lake Street Capital dropped their price target on Domo from $13.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.92.

Hedge Funds Weigh In On Domo

A number of institutional investors have recently modified their holdings of DOMO. Global Wealth Strategies & Associates acquired a new position in shares of Domo during the 4th quarter worth $28,000. Headlands Technologies LLC bought a new stake in Domo during the 2nd quarter worth $42,000. Rangeley Capital LLC bought a new stake in Domo during the 1st quarter worth $80,000. Andina Capital Management LLC bought a new stake in Domo during the 4th quarter worth $84,000. Finally, Oxford Asset Management LLP bought a new stake in Domo during the 4th quarter worth $88,000. Institutional investors and hedge funds own 76.64% of the company's stock.

Domo News Summary

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

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.

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