Domo (NASDAQ:DOMO) CFO Tod Crane Sells 68,483 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) CFO Tod Crane sold 68,483 shares of Domo 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 completion of the sale, the chief financial officer directly owned 276,809 shares in the company, valued at approximately $658,805.42. The trade was a 19.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Domo Stock Up 22.8%

NASDAQ DOMO traded up $0.51 during trading hours on Wednesday, hitting $2.75. 5,853,908 shares of the stock were exchanged, compared to its average volume of 2,300,149. The company has a market cap of $124.16 million, a price-to-earnings ratio of -2.07 and a beta of 1.78. Domo, Inc. has a 12-month low of $1.84 and a 12-month high of $18.49. The stock has a 50-day moving average of $3.45 and a 200 day moving average of $4.87.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.64 million. During the same period in the prior year, the firm posted ($0.69) EPS. On average, equities research analysts expect that Domo, Inc. will post -1.42 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DOMO. TD Cowen downgraded Domo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. UBS Group reissued a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. Stephens restated an “overweight” rating on shares of Domo in a research report on Tuesday, June 16th. Weiss Ratings lowered Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 16th. Finally, Citizens Jmp cut their target price on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating for the company in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Global Wealth Strategies & Associates purchased a new position in shares of Domo during the 4th quarter worth $28,000. Headlands Technologies LLC acquired a new position in Domo in the second quarter valued at $42,000. Rangeley Capital LLC purchased a new position in Domo during the first quarter worth about $80,000. Andina Capital Management LLC acquired a new stake in Domo in the 4th quarter worth about $84,000. Finally, Oxford Asset Management LLP acquired a new stake in Domo in the 4th quarter worth about $88,000. Hedge funds and other institutional investors 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.