Rpd Fund Management Llc Sells 16,628 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMOGet Free Report) insider Rpd Fund Management Llc sold 16,628 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $3.66, for a total transaction of $60,858.48. Following the completion of the sale, the insider owned 4,398,224 shares of the company’s stock, valued at approximately $16,097,499.84. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction 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 transaction 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 transaction 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 transaction of $58,247.04.
  • On Friday, May 22nd, Rpd Fund Management Llc sold 11,837 shares of Domo stock. The shares were 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 transaction 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 transaction of $124,899.45.
  • 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 transaction of $2,818,304.00.

Domo Trading Up 3.2%

Shares of Domo stock opened at $3.87 on Friday. The company’s fifty day simple moving average is $3.49 and its two-hundred day simple moving average is $5.72. The company has a market cap of $174.72 million, a P/E ratio of -2.67 and a beta of 1.78. Domo, Inc. has a 12-month low of $2.39 and a 12-month high of $18.49.

Domo (NASDAQ:DOMOGet Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. The company’s quarterly revenue was up 1% compared to the same quarter last year. Analysts predict that Domo, Inc. will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brevan Howard Capital Management LP lifted its stake in Domo by 3.9% during the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock valued at $804,000 after acquiring an additional 1,924 shares during the period. Verition Fund Management LLC lifted its stake in shares of Domo by 8.1% in the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock worth $302,000 after purchasing an additional 2,679 shares during the period. Creative Planning lifted its stake in shares of Domo by 23.2% in the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after purchasing an additional 2,889 shares during the period. Headlands Technologies LLC bought a new stake in Domo during the 2nd quarter worth approximately $42,000. Finally, Global Wealth Strategies & Associates bought a new stake in Domo during the 4th quarter worth approximately $28,000. Institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

DOMO has been the topic of a number of recent research reports. Lake Street Capital reduced their target price on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Citizens Jmp reissued an “underperform” rating and set a $3.50 price objective on shares of Domo in a research report on Friday, February 13th. DA Davidson cut their price objective on shares of 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 downgraded shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.92.

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Domo Company Profile

(Get Free Report)

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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