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

Key Points

• Rpd Fund Management LLC sold 38,583 Domo shares on May 29 at an average price of $4.12, worth about $158,962, trimming its ownership by 0.90%.
• The firm has been actively reducing its Domo stake through multiple transactions in late May and early June, including a large 1.1 million-share sale in April.
• Domo shares were trading lower around $3.75, while analysts’ views remain mixed with an average Hold rating and a consensus price target of $6.92.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) insider Rpd Fund Management Llc sold 38,583 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $4.12, for a total value of $158,961.96. Following the transaction, the insider owned 4,226,843 shares in the company, valued at $17,414,593.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 stock was 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 stock was 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 stock was 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 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 value 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 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 Performance

Shares of DOMO stock traded down $0.53 during mid-day trading on Wednesday, hitting $3.75. 588,717 shares of the stock were exchanged, compared to its average volume of 1,508,583. The stock's fifty day simple moving average is $3.47 and its two-hundred day simple moving average is $5.90. The stock has a market capitalization of $169.31 million, a price-to-earnings ratio of -2.59 and a beta of 1.78. 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 issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The business had revenue of $79.63 million during the quarter, compared to the consensus estimate of $78.65 million. The business's revenue for the quarter was up 1% on a year-over-year basis. On average, research analysts expect that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings raised Domo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, May 28th. Citigroup lowered Domo from an "outperform" rating to an "underperform" rating in a report on Friday, February 13th. TD Cowen lowered their price target on Domo from $16.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Cantor Fitzgerald lowered their price target on Domo from $13.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, March 11th. Finally, Stephens lowered their price target on Domo from $18.00 to $8.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.92.

Key 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

Institutional Investors Weigh In On Domo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Wealth Strategies & Associates acquired a new stake in shares of Domo during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Domo in the 2nd quarter worth approximately $42,000. Rangeley Capital LLC acquired a new stake in shares of Domo in the 1st quarter worth approximately $80,000. Andina Capital Management LLC acquired a new stake in shares of Domo in the 4th quarter worth approximately $84,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Domo in the 4th quarter worth approximately $88,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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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