Insider Selling: Domo (NASDAQ:DOMO) EVP Sells $124,628.70 in Stock

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 52,365 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the transaction, the executive vice president directly owned 498,051 shares in the company, valued at $1,185,361.38. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Domo Price Performance

Shares of DOMO opened at $2.94 on Friday. Domo, Inc. has a 1-year low of $1.84 and a 1-year high of $18.49. The stock has a market cap of $132.74 million, a PE ratio of -2.21 and a beta of 1.78. The firm has a fifty day moving average price of $3.44 and a 200 day moving average price of $4.82.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.64 million. During the same period in the previous year, the business posted ($0.69) EPS. As a group, equities analysts expect that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on DOMO. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. Stephens reissued an “overweight” rating on shares of Domo in a report on Tuesday, June 16th. DA Davidson restated a “neutral” rating and set a $3.50 target price on shares of Domo in a research report on Tuesday, June 16th. UBS Group restated a “neutral” rating on shares of Domo in a research report on Tuesday, June 16th. Finally, Cantor Fitzgerald reduced their price target on shares of Domo from $8.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $4.83.

Hedge Funds Weigh In On Domo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brevan Howard Capital Management LP increased its position in Domo by 3.9% in 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 position in Domo by 8.1% during the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock worth $302,000 after acquiring an additional 2,679 shares during the period. Creative Planning grew 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 valued at $215,000 after purchasing an additional 2,889 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Domo in the 2nd quarter valued at approximately $42,000. Finally, Global Wealth Strategies & Associates acquired a new position in shares of Domo in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Company Profile

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.