Domo (NASDAQ:DOMO) EVP Daren Thayne Sells 52,365 Shares

Domo, Inc. (NASDAQ:DOMOGet Free Report) EVP Daren Thayne sold 52,365 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $124,628.70. Following the sale, the executive vice president owned 498,051 shares in the company, valued at $1,185,361.38. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Domo Price Performance

NASDAQ:DOMO opened at $2.75 on Thursday. Domo, Inc. has a 12-month low of $1.84 and a 12-month high of $18.49. The firm has a market capitalization of $124.16 million, a P/E ratio of -2.07 and a beta of 1.78. The business has a 50 day simple moving average of $3.45 and a 200 day simple moving average of $4.87.

Domo (NASDAQ:DOMOGet Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.64 million. During the same quarter in the previous year, the company earned ($0.69) earnings per share. Research analysts anticipate that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DOMO has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. DA Davidson reissued a “neutral” rating and set a $3.50 target price on shares of Domo in a research note on Tuesday, June 16th. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. Lake Street Capital dropped their price target on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Citizens Jmp cut their price target on Domo from $3.50 to $2.25 and set a “market underperform” rating on the stock in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.83.

Check Out Our Latest Report on Domo

Hedge Funds Weigh In On Domo

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Domo during the 2nd quarter worth about $42,000. Global Wealth Strategies & Associates acquired a new position in shares of Domo during the fourth quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of Domo during the second quarter valued at approximately $122,000. Andina Capital Management LLC bought a new stake in Domo during the fourth quarter worth approximately $84,000. Finally, Oxford Asset Management LLP acquired a new stake in Domo in the fourth quarter worth approximately $88,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

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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Insider Buying and Selling by Quarter for Domo (NASDAQ:DOMO)

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