Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 11,837 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.65, for a total value of $43,205.05. Following the completion of the transaction, the insider directly owned 4,332,562 shares of the company’s stock, valued at approximately $15,813,851.30. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 shares were 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 shares were sold at an average price of $3.68, for a total value of $58,247.04.
- On Wednesday, May 20th, Rpd Fund Management Llc sold 20,870 shares of Domo stock. The shares were 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 shares were 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 shares were 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 Stock Up 3.2%
NASDAQ:DOMO opened at $3.87 on Friday. Domo, Inc. has a 12-month low of $2.39 and a 12-month high of $18.49. The firm has a market capitalization of $174.72 million, a P/E ratio of -2.67 and a beta of 1.78. The stock’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $5.72.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Wealth Strategies & Associates acquired a new position in Domo in the fourth quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in Domo in the second quarter valued at about $42,000. Rangeley Capital LLC acquired a new position in Domo in the first quarter valued at about $80,000. Andina Capital Management LLC acquired a new position in Domo in the fourth quarter valued at about $84,000. Finally, Oxford Asset Management LLP acquired a new position in Domo in the fourth quarter valued at about $88,000. 76.64% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Domo
Here are the key news stories impacting Domo this week:
- Negative Sentiment: RPD Fund Management LLC has been trimming its Domo stake through multiple sales over the past few weeks, which may weigh on sentiment and suggest insiders are less aggressive buyers at current levels. SEC insider transaction filings
- Neutral Sentiment: Domo was also mentioned in a broader note about software stocks trading down, indicating part of the weakness may be tied to sector-wide selling rather than only company-specific news. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
- Positive Sentiment: Domo announced work with Regional One Health Solutions to apply AI in healthcare operations on AWS, which supports its growth narrative and could help demonstrate real-world demand for its platform. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
Analyst Ratings Changes
Several research firms have recently issued reports on DOMO. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. TD Cowen reduced their price target on Domo from $16.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. DA Davidson reduced their price target on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Cantor Fitzgerald reduced their price target on Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Domo currently has a consensus rating of “Hold” and an average target price of $6.92.
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.
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