Key Points
- RPD Fund Management LLC sold 38,583 Domo shares on May 29 at an average price of $4.12, totaling about $159,000. After the sale, it still held more than 4.2 million shares, though the transaction reduced its position by 0.90%.
- The fund has been actively selling Domo stock in recent weeks, with multiple SEC-reported sales in late May and early June, including a larger 39,034-share sale on June 1. The article notes that repeated insider selling can weigh on investor sentiment.
- Domo’s fundamentals and analyst view remain mixed: the company recently missed EPS estimates but slightly beat revenue expectations, and analysts currently have a consensus Hold rating with an average price target of $6.92. The stock was trading around $3.75, well below its 200-day moving average of $5.78.
Domo, Inc. (NASDAQ:DOMO - Get Free Report) insider Rpd Fund Management Llc sold 11,837 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.65, for a total value of $43,205.05. Following the completion of the transaction, the insider directly owned 4,332,562 shares in the company, valued at approximately $15,813,851.30. The trade was a 0.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were 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 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 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 shares were sold at an average price of $3.71, for a total value 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 value of $58,247.04.
- 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 stock was sold at an average price of $3.49, for a total value 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 Price Performance
Shares of DOMO stock opened at $3.75 on Thursday. The business's fifty day moving average price is $3.48 and its 200 day moving average price is $5.78. Domo, Inc. has a 1-year low of $2.39 and a 1-year high of $18.49. The firm has a market capitalization of $169.31 million, a PE ratio of -2.59 and a beta of 1.78.
Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.16). The company had revenue of $79.63 million during the quarter, compared to analysts' expectations of $78.65 million. The company's revenue for the quarter was up 1% on a year-over-year basis. Equities research analysts expect that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.
Key Stories Impacting Domo
Here are the key news stories impacting Domo this week:
Institutional Trading of Domo
Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Wealth Strategies & Associates purchased a new stake in shares of Domo in the fourth quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in shares of Domo in the second quarter valued at $42,000. Rangeley Capital LLC purchased a new stake in shares of Domo in the first quarter valued at $80,000. Andina Capital Management LLC purchased a new stake in shares of Domo in the fourth quarter valued at $84,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Domo in the fourth quarter valued at $88,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on DOMO. Wall Street Zen lowered Domo from a "buy" rating to a "hold" rating in a report on Sunday, March 29th. Weiss Ratings raised Domo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, May 28th. Cantor Fitzgerald decreased their target price on Domo from $13.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 11th. Citizens Jmp reiterated an "underperform" rating and set a $3.50 target price on shares of Domo in a research report on Friday, February 13th. Finally, TD Cowen decreased their target price on Domo from $16.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Three investment 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. According to MarketBeat, Domo presently has a consensus rating of "Hold" and an average target price of $6.92.
Read Our Latest Report on DOMO
About Domo
(
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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