Domo (NASDAQ:DOMO) Insider Sells $79,163.67 in Stock

Key Points

• Rpd Fund Management LLC, a Domo insider, sold 22,683 shares for about $79,164 at an average price of $3.49, continuing a series of recent sales that has reduced its stake.
• Domo shares were down 12.4% in midday trading to $3.75, with the stock trading below its 200-day moving average and near the low end of its 52-week range.
• The company’s latest earnings report showed a smaller-than-expected loss in revenue terms but an EPS miss, while analysts currently maintain a Hold consensus with an average price target of $6.92.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) insider Rpd Fund Management Llc sold 22,683 shares of the business's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $3.49, for a total transaction of $79,163.67. Following the sale, the insider owned 4,414,852 shares of the company's stock, valued at $15,407,833.48. This trade represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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 Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The stock was sold at an average price of $3.71, for a total transaction of $101,798.69.
• 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 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 Trading Down 12.4%

Shares of NASDAQ:DOMO traded down $0.53 during midday trading on Wednesday, reaching $3.75. The company had a trading volume of 588,717 shares, compared to its average volume of 1,508,583. The company's 50 day moving average price is $3.47 and its 200 day moving average price is $5.90. The stock has a market cap of $169.31 million, a P/E ratio of -2.59 and a beta of 1.78. Domo, Inc. has a 52-week low of $2.39 and a 52-week high of $18.49.

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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DOMO. Citigroup downgraded shares of Domo from an "outperform" rating to an "underperform" rating in a report on Friday, February 13th. Wall Street Zen downgraded shares of Domo from a "buy" rating to a "hold" rating in a report on Sunday, March 29th. DA Davidson cut their price target on shares of Domo from $10.00 to $6.00 and set a "neutral" rating on the stock in a report 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 report on Friday, April 17th. Finally, Weiss Ratings raised shares of Domo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.92.

Institutional Investors Weigh In On Domo

Several hedge funds and other institutional investors have recently modified their holdings of DOMO. Global Wealth Strategies & Associates bought a new stake in shares of Domo during the fourth quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in shares of Domo during the second quarter valued at about $42,000. Rangeley Capital LLC bought a new position in shares of Domo in the first quarter worth approximately $80,000. Andina Capital Management LLC bought a new position in shares of Domo in the fourth quarter worth approximately $84,000. Finally, Oxford Asset Management LLP bought a new position in shares of Domo in the fourth quarter worth approximately $88,000. 76.64% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.