Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 32,955 shares of Domo stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $3.79, for a total value of $124,899.45. Following the transaction, the insider owned 4,365,269 shares in the company, valued at approximately $16,544,369.51. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $174,091.64.
- On Friday, May 29th, Rpd Fund Management Llc sold 38,583 shares of Domo stock. The shares were 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 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 value of $43,205.05.
- 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 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 transaction of $60,858.48.
- On Friday, May 15th, Rpd Fund Management Llc sold 22,683 shares of Domo stock. The shares were 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 value of $2,818,304.00.
Domo Stock Performance
Shares of Domo stock opened at $3.41 on Friday. The company has a market cap of $153.96 million, a PE ratio of -2.35 and a beta of 1.78. The business has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $5.70. Domo, Inc. has a one year low of $2.39 and a one year high of $18.49.
Hedge Funds Weigh In On Domo
Hedge funds have recently bought and sold shares of the company. Brevan Howard Capital Management LP boosted its position in shares of Domo by 3.9% in the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after buying an additional 1,924 shares in the last quarter. Verition Fund Management LLC raised its holdings in Domo by 8.1% in the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock valued at $302,000 after acquiring an additional 2,679 shares during the last quarter. Creative Planning lifted its position in Domo by 23.2% during the second quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after buying an additional 2,889 shares during the period. Headlands Technologies LLC purchased a new position in shares of Domo during the 2nd quarter worth about $42,000. Finally, Global Wealth Strategies & Associates purchased a new position in Domo during the fourth quarter worth approximately $28,000. 76.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on DOMO. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Cantor Fitzgerald decreased their target price on shares of Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Stephens reduced their price objective on Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Finally, Lake Street Capital reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Domo has a consensus rating of “Hold” and an average price target of $6.92.
Get Our Latest Stock Analysis on Domo
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.
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