Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 16,628 Shares

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 16,628 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $3.66, for a total value of $60,858.48. Following the transaction, the insider directly owned 4,398,224 shares of the company’s stock, valued at $16,097,499.84. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 value 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 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 Friday, May 15th, Rpd Fund Management Llc sold 22,683 shares of Domo stock. The shares were 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 shares were sold at an average price of $2.56, for a total value of $2,818,304.00.

Domo Trading Down 12.4%

Shares of DOMO stock opened at $3.75 on Thursday. The business’s 50-day moving average price is $3.48 and its 200-day moving average price is $5.78. Domo, Inc. has a 12 month low of $2.39 and a 12 month high of $18.49. The firm has a market capitalization of $169.31 million, a price-to-earnings ratio of -2.59 and a beta of 1.78.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm 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% compared to the same quarter last year. On average, sell-side analysts predict that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

Several institutional investors have recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP lifted its stake in Domo by 3.9% in the third quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock valued at $804,000 after buying an additional 1,924 shares during the period. Verition Fund Management LLC raised its position in shares of Domo by 8.1% during the fourth quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock worth $302,000 after purchasing an additional 2,679 shares during the period. Creative Planning raised its position in shares of Domo by 23.2% during the second quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after purchasing an additional 2,889 shares during the period. Headlands Technologies LLC acquired a new position in shares of Domo during the second quarter worth approximately $42,000. Finally, Global Wealth Strategies & Associates acquired a new position in shares of Domo during the fourth quarter worth approximately $28,000. 76.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DOMO shares. Citigroup lowered Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. Cantor Fitzgerald decreased their price target on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Lake Street Capital decreased their price target on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. DA Davidson decreased their price target on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Finally, Stephens cut their price objective on Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Domo presently has an average rating of “Hold” and an average price target of $6.92.

Key Stories Impacting Domo

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said it is working with Regional One Health Solutions to use AI in healthcare operations on AWS, which could support its AI narrative and showcase real-world enterprise demand. Domo and Regional One Health Solutions Put AI to Work in Healthcare Operations, Built on AWS
• Neutral Sentiment: News flow also highlighted Domo as part of a broader group of software stocks trading lower, suggesting some of the move may be driven by sector sentiment rather than company-specific fundamentals alone. Domo, ZoomInfo, Upland Software, and commerce stocks trade down, what you need to know
• Negative Sentiment: Multiple SEC filings showed RPD Fund Management LLC repeatedly selling Domo shares in late May and early June, including a larger sale of 39,034 shares at $4.46 and several additional sales in the days before that. Repeated insider selling can weigh on investor sentiment and signal caution about near-term upside. SEC insider transaction filings

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.