Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 39,034 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $4.46, for a total transaction of $174,091.64. Following the completion of the transaction, the insider owned 4,187,809 shares of the company’s stock, valued at approximately $18,677,628.14. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Rpd Fund Management Llc also recently made the following trade(s):
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $2,818,304.00.
Domo Price Performance
NASDAQ DOMO opened at $3.41 on Friday. The company has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $5.70. The firm has a market capitalization of $153.96 million, a price-to-earnings ratio of -2.35 and a beta of 1.78. Domo, Inc. has a 52-week low of $2.39 and a 52-week high of $18.49.
Hedge Funds Weigh In On Domo
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOMO. Global Wealth Strategies & Associates bought a new position in Domo during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in Domo during the second quarter valued at approximately $42,000. Rangeley Capital LLC acquired a new position in Domo during the first quarter valued at approximately $80,000. Andina Capital Management LLC acquired a new position in Domo during the fourth quarter valued at approximately $84,000. Finally, Oxford Asset Management LLP acquired a new position in Domo during the fourth quarter valued at approximately $88,000. Institutional investors own 76.64% of the company’s stock.
Analyst Ratings Changes
DOMO has been the subject of a number of research analyst reports. TD Cowen reduced their price target on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Cantor Fitzgerald cut their price objective on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. 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. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.92.
Check Out Our Latest Research Report on Domo
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.
Further Reading
- Five stocks we like better than Domo
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.
