Shares of Domo, Inc. (NASDAQ:DOMO – Get Free Report) have earned a consensus rating of “Reduce” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.9543.
Several analysts have recently commented on DOMO shares. Cantor Fitzgerald cut shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 price target on the stock. in a research note on Thursday, July 23rd. DA Davidson reaffirmed a “neutral” rating and set a $3.50 price objective on shares of Domo in a report on Tuesday, June 16th. Stephens lowered Domo from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $5.00 to $4.00 in a research report on Thursday, July 23rd. TD Cowen cut Domo from a “buy” rating to a “hold” rating and lowered their target price for the company from $6.00 to $3.25 in a research note on Tuesday, June 16th. Finally, Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st.
Check Out Our Latest Stock Analysis on Domo
Domo Trading Up 0.8%
Insider Transactions at Domo
In other Domo news, EVP Daren Thayne sold 52,365 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the sale, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Tod Crane sold 68,483 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $162,989.54. Following the transaction, the chief financial officer owned 276,809 shares in the company, valued at approximately $658,805.42. The trade was a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 361,689 shares of company stock valued at $1,101,064 in the last three months. Company insiders own 13.25% of the company’s stock.
Institutional Trading of Domo
A number of institutional investors have recently bought and sold shares of DOMO. Headlands Technologies LLC acquired a new position in shares of Domo in the 2nd quarter valued at $42,000. Rangeley Capital LLC bought a new position in shares of Domo in the 1st quarter worth $80,000. Andina Capital Management LLC bought a new position in shares of Domo in the 4th quarter worth $84,000. Oxford Asset Management LLP acquired a new stake in shares of Domo during the fourth quarter worth $88,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Domo during the fourth quarter worth $88,000. Institutional investors and hedge funds 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.
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