Domo (NASDAQ:DOMO) CFO Sells $162,989.54 in Stock

Domo, Inc. (NASDAQ:DOMO) CFO Tod Crane sold 68,483 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $162,989.54. Following the sale, the chief financial officer owned 276,809 shares in the company, valued at $658,805.42. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Domo Trading Up 20.5%

Domo stock opened at $2.94 on Friday. The firm has a market capitalization of $132.74 million, a P/E ratio of -2.21 and a beta of 1.78. The stock has a fifty day moving average price of $3.44 and a 200 day moving average price of $4.82. Domo, Inc. has a 52 week low of $1.84 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.64 million. During the same period in the previous year, the business posted ($0.69) earnings per share. As a group, equities analysts predict that Domo, Inc. will post -1.42 EPS for the current year.

Hedge Funds Weigh In On Domo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOMO. Bank of America Corp DE increased its position in shares of Domo by 41.1% during the first 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 boosted its holdings in Domo by 362.4% in the first quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock valued at $188,000 after purchasing an additional 48,226 shares during the last quarter. RPD Fund Management LLC boosted its holdings in Domo by 27.3% in the first quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock valued at $14,118,000 after purchasing an additional 990,326 shares during the last quarter. Rangeley Capital LLC purchased a new position in Domo in the first quarter valued at about $80,000. Finally, Public Employees Retirement System of Ohio grew its stake 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 purchasing an additional 34,520 shares in the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. DA Davidson reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Domo in a research report on Tuesday, June 16th. TD Cowen cut Domo from a “buy” rating to a “hold” rating and reduced their target price for the company from $6.00 to $3.25 in a report on Tuesday, June 16th. Finally, Lake Street Capital lowered their price target on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Domo has an average rating of “Reduce” and a consensus target price of $4.83.

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.