Insider Selling: Domo, Inc. (NASDAQ:DOMO) EVP Sells 22,500 Shares of Stock

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 22,500 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $9.04, for a total value of $203,400.00. Following the sale, the executive vice president now owns 343,758 shares in the company, valued at approximately $3,107,572.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Daren Thayne also recently made the following trade(s):

• On Thursday, March 21st, Daren Thayne sold 41,218 shares of Domo stock. The stock was sold at an average price of $9.33, for a total value of $384,563.94.

Domo Price Performance

Shares of NASDAQ DOMO opened at $8.84 on Monday. The stock’s 50-day moving average is $10.41 and its two-hundred day moving average is $9.77. Domo, Inc. has a 1-year low of $7.78 and a 1-year high of $18.19. The company has a market cap of $323.72 million, a price-to-earnings ratio of -4.21 and a beta of 2.32.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The firm had revenue of $80.18 million during the quarter, compared to analyst estimates of $79.46 million. Equities research analysts anticipate that Domo, Inc. will post -2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and set a $10.00 price target on shares of Domo in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DOMO. Tower Research Capital LLC TRC increased its holdings in shares of Domo by 161.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after acquiring an additional 1,622 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Domo by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock valued at $61,000 after acquiring an additional 2,212 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Domo by 243.2% in the 4th quarter. Lazard Asset Management LLC now owns 5,268 shares of the company’s stock valued at $75,000 after acquiring an additional 3,733 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Domo by 46.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,440 shares of the company’s stock valued at $78,000 after acquiring an additional 1,713 shares during the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Domo in the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

About Domo

Domo, Inc operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business from smartphones.