Domo (NASDAQ:DOMO) Insider Rpd Fund Management Llc Sells 38,583 Shares

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 38,583 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.12, for a total value of $158,961.96. Following the completion of the transaction, the insider owned 4,226,843 shares of the company’s stock, valued at approximately $17,414,593.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 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 Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The stock was 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 stock was 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 stock was 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 DOMO opened at $3.75 on Thursday. The business’s 50-day moving average is $3.48 and its two-hundred day moving average is $5.78. The company has a market capitalization of $169.31 million, a P/E ratio of -2.59 and a beta of 1.78. Domo, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $18.49.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The firm had revenue of $79.63 million during the quarter, compared to analyst estimates of $78.65 million. The firm’s revenue was up 1% on a year-over-year basis. Analysts forecast that Domo, Inc. will post -1.43 EPS for the current year.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently made changes to their positions in DOMO. Portolan Capital Management LLC grew its holdings in shares of Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after buying an additional 1,576,884 shares in the last quarter. AIGH Capital Management LLC lifted its stake in shares of Domo by 37.0% in the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after buying an additional 496,244 shares in the last quarter. Capital Research Global Investors acquired a new position in Domo during the third quarter worth about $43,560,000. Andina Capital Management LLC acquired a new position in Domo during the fourth quarter worth about $84,000. Finally, Versor Investments LP purchased a new stake in Domo during the 4th quarter valued at about $137,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Stephens decreased their target price on shares of Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, TD Cowen decreased their price objective on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Domo presently has an average rating of “Hold” and an average price target of $6.92.

More Domo News

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.