Insider Selling: Domo (NASDAQ:DOMO) Insider Sells $58,247.04 in Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 15,828 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $3.68, for a total value of $58,247.04. Following the sale, the insider owned 4,316,734 shares of the company’s stock, valued at approximately $15,885,581.12. The trade was a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 Trading Down 11.9%

Shares of DOMO stock opened at $3.41 on Friday. The stock has a 50 day moving average of $3.49 and a two-hundred day moving average of $5.70. Domo, Inc. has a 12 month low of $2.39 and a 12 month high of $18.49. The company has a market capitalization of $153.96 million, a P/E ratio of -2.35 and a beta of 1.78.

Domo (NASDAQ:DOMO) last announced 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 firm’s quarterly revenue was up 1% on a year-over-year basis. Sell-side analysts predict that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Portolan Capital Management LLC lifted its position in shares of Domo by 142.3% during the 3rd quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after buying an additional 1,576,884 shares during the period. AIGH Capital Management LLC lifted its position in shares of Domo by 37.0% during the 4th quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after buying an additional 496,244 shares during the period. Capital Research Global Investors bought a new position in shares of Domo during the 3rd quarter worth approximately $43,560,000. Andina Capital Management LLC bought a new position in shares of Domo during the 4th quarter worth approximately $84,000. Finally, Versor Investments LP acquired a new stake in Domo during the 4th quarter valued at $137,000. Institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DOMO. Citigroup downgraded Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Cantor Fitzgerald cut their target price on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. TD Cowen cut their target price on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Wall Street Zen downgraded Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, DA Davidson cut their target price on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Three 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 data from MarketBeat, Domo presently has an average rating of “Hold” and a consensus 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.