Domo, Inc. (NASDAQ:DOMO – Get Free Report) insider Rpd Fund Management Llc sold 27,439 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $3.71, for a total transaction of $101,798.69. Following the completion of the transaction, the insider directly owned 4,289,295 shares of the company’s stock, valued at approximately $15,913,284.45. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 stock was 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 stock was sold at an average price of $3.84, for a total transaction of $91,656.96.
- On Tuesday, May 26th, Rpd Fund Management Llc sold 15,828 shares of Domo stock. The stock was 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 stock was 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 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 transaction 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 transaction of $2,818,304.00.
Domo Stock Performance
Shares of NASDAQ DOMO opened at $3.87 on Friday. Domo, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $18.49. The company has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $5.72. The company has a market capitalization of $174.72 million, a price-to-earnings ratio of -2.67 and a beta of 1.78.
Institutional Investors Weigh In On Domo
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Domo by 41.1% in the first quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock worth $168,000 after purchasing an additional 16,029 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Domo by 362.4% in the first quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock worth $188,000 after purchasing an additional 48,226 shares during the last quarter. RPD Fund Management LLC boosted its holdings in Domo by 27.3% in the first quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock worth $14,118,000 after purchasing an additional 990,326 shares during the last quarter. Rangeley Capital LLC purchased a new stake in Domo in the first quarter worth approximately $80,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Domo by 316.7% in the first quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock worth $139,000 after purchasing an additional 34,520 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.
More Domo News
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 Analyst Weigh In
A number of equities analysts have weighed in on DOMO shares. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 target price on shares of Domo in a research note on Friday, February 13th. DA Davidson cut their price target on shares of Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Cantor Fitzgerald cut their price target on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Stephens cut their price target on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Domo presently has a consensus rating of “Hold” and an average target price of $6.92.
View Our Latest Report on Domo
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.
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