Domo (NASDAQ:DOMO) CEO Joshua James Sells 96,088 Shares

Domo, Inc. (NASDAQ:DOMO) CEO Joshua James sold 96,088 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $228,689.44. Following the sale, the chief executive officer owned 1,638,873 shares in the company, valued at $3,900,517.74. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Domo Trading Up 22.8%

Shares of NASDAQ:DOMO opened at $2.75 on Thursday. The firm has a 50 day moving average of $3.45 and a 200-day moving average of $4.87. The stock has a market capitalization of $124.16 million, a PE 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.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results 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 analyst estimates of $79.64 million. During the same quarter in the prior year, the business posted ($0.69) EPS. On average, research analysts predict that Domo, Inc. will post -1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Domo

Hedge funds have recently modified their holdings of the company. Global Wealth Strategies & Associates acquired a new position in Domo in the 4th quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in shares of Domo during the second quarter valued at about $42,000. Rangeley Capital LLC bought a new stake in shares of Domo during the first quarter worth about $80,000. Andina Capital Management LLC bought a new stake in shares of Domo during the fourth quarter worth about $84,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Domo in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DOMO. Cantor Fitzgerald lowered their price target on Domo from $8.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Lake Street Capital decreased their target price on Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. DA Davidson reissued a “neutral” rating and set a $3.50 target price on shares of Domo in a research note on Tuesday, June 16th. UBS Group reissued a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. Finally, Weiss Ratings downgraded shares of Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.83.

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.