Rpd Fund Management Llc Sells 22,683 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 22,683 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.49, for a total transaction of $79,163.67. Following the completion of the sale, the insider owned 4,414,852 shares of the company’s stock, valued at approximately $15,407,833.48. The trade was a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were 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 Monday, May 18th, Rpd Fund Management Llc sold 16,628 shares of Domo stock. The shares were sold at an average price of $3.66, for a total transaction of $60,858.48.
• 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%

DOMO stock opened at $3.87 on Friday. The company has a market cap of $174.72 million, a price-to-earnings 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. The firm has a 50-day moving average of $3.49 and a two-hundred day moving average of $5.72.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results 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 firm had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. Domo’s quarterly revenue was up 1% on a year-over-year basis. As a group, equities analysts forecast that Domo, Inc. will post -1.43 earnings per share for the current year.

Institutional Trading of Domo

Several institutional investors have recently added to or reduced their stakes in DOMO. RPD Fund Management LLC increased its holdings in Domo by 11,294.3% in the 4th quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock valued at $30,545,000 after purchasing an additional 3,591,600 shares during the last quarter. Capital Research Global Investors acquired a new stake in Domo in the 3rd quarter valued at approximately $43,560,000. Portolan Capital Management LLC increased its holdings in Domo by 142.3% in the 3rd quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after purchasing an additional 1,576,884 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Domo in the 4th quarter valued at approximately $8,108,000. Finally, First Trust Advisors LP acquired a new stake in Domo in the 3rd quarter valued at approximately $9,744,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo News Roundup

Here are the key news stories impacting Domo this week:

• Negative Sentiment: RPD Fund Management LLC has been trimming its Domo stake through multiple sales over the past few weeks, which may weigh on sentiment and suggest insiders are less aggressive buyers at current levels. SEC insider transaction filings
• Neutral Sentiment: Domo was also mentioned in a broader note about software stocks trading down, indicating part of the weakness may be tied to sector-wide selling rather than only company-specific news. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Positive Sentiment: Domo announced work with Regional One Health Solutions to apply AI in healthcare operations on AWS, which supports its growth narrative and could help demonstrate real-world demand for its platform. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DOMO shares. Stephens cut their price target on shares of Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 17th. TD Cowen cut their price target on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 20th. DA Davidson cut their price target on shares of Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Domo presently has an average rating of “Hold” and a consensus target price of $6.92.

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.