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

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 22,683 shares of Domo stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.49, for a total value of $79,163.67. Following the transaction, the insider directly owned 4,414,852 shares in the company, valued at approximately $15,407,833.48. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 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 value 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 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 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%

NASDAQ DOMO opened at $3.41 on Friday. The stock’s 50 day moving average is $3.49 and its 200 day moving average is $5.70. Domo, Inc. has a 12 month low of $2.39 and a 12 month high of $18.49. The stock has a market cap of $153.96 million, a PE ratio of -2.35 and a beta of 1.78.

Domo (NASDAQ:DOMO) last posted 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 company 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% compared to the same quarter last year. On average, analysts forecast that Domo, Inc. will post -1.43 EPS for the current fiscal year.

Institutional Trading of Domo

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Domo by 41.1% in the 1st quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock worth $168,000 after acquiring an additional 16,029 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Domo by 362.4% during the 1st quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock valued at $188,000 after buying an additional 48,226 shares during the period. RPD Fund Management LLC raised its holdings in Domo by 27.3% during the 1st quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock valued at $14,118,000 after buying an additional 990,326 shares during the period. Rangeley Capital LLC purchased a new stake in Domo during the 1st quarter valued at $80,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Domo by 316.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock valued at $139,000 after buying an additional 34,520 shares during the period. Institutional investors own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

DOMO has been the topic of a number of research reports. TD Cowen reduced their price objective on Domo from $16.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Cantor Fitzgerald reduced their price objective on Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen downgraded Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Citizens Jmp reaffirmed an “underperform” rating and issued a $3.50 price objective on shares of Domo in a research note on Friday, February 13th. Finally, DA Davidson reduced their price objective on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average 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.