Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 32,955 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 32,955 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $3.79, for a total value of $124,899.45. Following the completion of the transaction, the insider owned 4,365,269 shares in the company, valued at approximately $16,544,369.51. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 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 shares were sold at an average price of $2.56, for a total value of $2,818,304.00.

Domo Trading Down 12.4%

NASDAQ DOMO opened at $3.75 on Thursday. The stock has a 50-day simple moving average of $3.48 and a 200 day simple moving average of $5.78. The company has a market capitalization of $169.31 million, a PE 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) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 1% on a year-over-year basis. As a group, sell-side analysts predict that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

More Domo News

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said it is working with Regional One Health Solutions to use AI in healthcare operations on AWS, which could support its AI narrative and showcase real-world enterprise demand. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
• Neutral Sentiment: News flow also highlighted Domo as part of a broader group of software stocks trading lower, suggesting some of the move may be driven by sector sentiment rather than company-specific fundamentals alone. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Negative Sentiment: Multiple SEC filings showed RPD Fund Management LLC repeatedly selling Domo shares in late May and early June, including a larger sale of 39,034 shares at $4.46 and several additional sales in the days before that. Repeated insider selling can weigh on investor sentiment and signal caution about near-term upside. SEC insider transaction filings

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Domo during the 2nd quarter worth approximately $42,000. Global Wealth Strategies & Associates acquired a new position in Domo during the fourth quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of Domo in the second quarter valued at approximately $122,000. Andina Capital Management LLC bought a new position in shares of Domo during the 4th quarter worth approximately $84,000. Finally, Oxford Asset Management LLP bought a new position in shares of Domo during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 price objective on shares of Domo in a research report on Friday, February 13th. DA Davidson reduced their price objective on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings raised Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Lake Street Capital reduced their price objective on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.92.

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.