Rpd Fund Management Llc Sells 23,869 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 23,869 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $3.84, for a total value of $91,656.96. Following the transaction, the insider directly owned 4,265,426 shares of the company’s stock, valued at $16,379,235.84. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock was 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 stock was sold at an average price of $4.12, for a total value of $158,961.96.
• 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 stock was sold at an average price of $2.56, for a total value of $2,818,304.00.

Domo Price Performance

Shares of DOMO opened at $3.87 on Friday. The stock’s 50-day moving average is $3.49 and its two-hundred day moving average is $5.72. The stock has a market cap of $174.72 million, a PE ratio of -2.67 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) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) 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 the consensus estimate of $78.65 million. The business’s revenue was up 1% on a year-over-year basis. On average, research analysts anticipate that Domo, Inc. will post -1.43 earnings per share for the current year.

Key Stories Impacting Domo

Here are the key news stories impacting Domo this week:

• Negative Sentiment: RPD Fund Management LLC has been trimming its Domo stake through multiple sales over the past few weeks, which may weigh on sentiment and suggest insiders are less aggressive buyers at current levels. SEC insider transaction filings
• Neutral Sentiment: Domo was also mentioned in a broader note about software stocks trading down, indicating part of the weakness may be tied to sector-wide selling rather than only company-specific news. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Positive Sentiment: Domo announced work with Regional One Health Solutions to apply AI in healthcare operations on AWS, which supports its growth narrative and could help demonstrate real-world demand for its platform. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DOMO. Stephens cut their price objective on Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Citizens Jmp restated an “underperform” rating and set a $3.50 price objective on shares of Domo in a research note on Friday, February 13th. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald dropped their price target on Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.92.

Institutional Trading of Domo

Several large investors have recently added to or reduced their stakes in DOMO. Portolan Capital Management LLC boosted its stake in Domo by 142.3% during the 3rd quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after purchasing an additional 1,576,884 shares in the last quarter. AIGH Capital Management LLC boosted its stake in Domo by 37.0% during the 4th quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock valued at $15,492,000 after purchasing an additional 496,244 shares in the last quarter. Capital Research Global Investors bought a new position in Domo during the 3rd quarter valued at $43,560,000. Fox Run Management L.L.C. boosted its stake in Domo by 66.0% during the 3rd quarter. Fox Run Management L.L.C. now owns 23,385 shares of the company’s stock valued at $370,000 after purchasing an additional 9,298 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Domo during the 3rd quarter valued at $486,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.