Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 15,828 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $3.68, for a total transaction of $58,247.04. Following the transaction, the insider owned 4,316,734 shares in the company, valued at approximately $15,885,581.12. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were 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 value of $101,798.69.
- 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 transaction 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 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 stock was 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 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 shares were sold at an average price of $2.56, for a total value of $2,818,304.00.
Domo Stock Performance
DOMO stock opened at $3.75 on Thursday. The company has a market capitalization of $169.31 million, a P/E ratio of -2.59 and a beta of 1.78. Domo, Inc. has a 52-week low of $2.39 and a 52-week high of $18.49. The business has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $5.78.
Key Domo News
Here are the key news stories impacting Domo this week:
- Positive Sentiment: Domo said it is working with Regional One Health Solutions to use AI in healthcare operations on AWS, which could support its AI narrative and showcase real-world enterprise demand. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
- Neutral Sentiment: News flow also highlighted Domo as part of a broader group of software stocks trading lower, suggesting some of the move may be driven by sector sentiment rather than company-specific fundamentals alone. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
- Negative Sentiment: Multiple SEC filings showed RPD Fund Management LLC repeatedly selling Domo shares in late May and early June, including a larger sale of 39,034 shares at $4.46 and several additional sales in the days before that. Repeated insider selling can weigh on investor sentiment and signal caution about near-term upside. SEC insider transaction filings
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on DOMO. Weiss Ratings raised Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. DA Davidson decreased their price target on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 target price on shares of Domo in a research report on Friday, February 13th. Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald cut their price objective on shares of Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.92.
Get Our Latest Research Report on Domo
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Wealth Strategies & Associates purchased a new position in Domo during the 4th quarter worth $28,000. Headlands Technologies LLC acquired a new stake in shares of Domo in the 2nd quarter worth $42,000. Rangeley Capital LLC acquired a new stake in shares of Domo in the 1st quarter worth $80,000. Andina Capital Management LLC acquired a new stake in shares of Domo in the 4th quarter worth $84,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Domo in the 4th quarter valued at about $88,000. 76.64% of the stock is owned by hedge funds and other institutional investors.
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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