Joshua James Sells 96,088 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua James sold 96,088 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $228,689.44. Following the transaction, the chief executive officer owned 1,638,873 shares of the company’s stock, valued at approximately $3,900,517.74. This represents a 5.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Domo Stock Up 22.8%

NASDAQ DOMO traded up $0.51 on Wednesday, reaching $2.75. The company had a trading volume of 5,853,908 shares, compared to its average volume of 2,300,149. The stock has a market capitalization of $124.16 million, a PE ratio of -2.07 and a beta of 1.78. Domo, Inc. has a 12 month low of $1.84 and a 12 month high of $18.49. The firm’s 50 day moving average price is $3.45 and its 200 day moving average price is $4.87.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Monday, June 15th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.64 million. During the same period last year, the company earned ($0.69) EPS. On average, research analysts expect that Domo, Inc. will post -1.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DOMO. Stephens reaffirmed an “overweight” rating on shares of Domo in a research note on Tuesday, June 16th. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. Lake Street Capital dropped their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings cut shares of Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. Finally, Citizens Jmp lowered their price target on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating for the company in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $4.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DOMO. Headlands Technologies LLC purchased a new stake in shares of Domo in the 2nd quarter valued at $42,000. Global Wealth Strategies & Associates acquired a new position in shares of Domo in the 4th quarter valued at about $28,000. Raymond James Financial Inc. acquired a new position in shares of Domo in the 2nd quarter valued at about $122,000. Andina Capital Management LLC acquired a new stake in Domo during the fourth quarter worth about $84,000. Finally, Oxford Asset Management LLP acquired a new stake in Domo during the fourth quarter worth about $88,000. Institutional investors own 76.64% of the company’s stock.

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.