Insider Selling: Domo (NASDAQ:DOMO) CEO Sells $228,689.44 in Stock

Domo, Inc. (NASDAQ:DOMO) CEO Joshua James sold 96,088 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $228,689.44. Following the completion of the transaction, the chief executive officer directly owned 1,638,873 shares in the company, valued at approximately $3,900,517.74. This represents a 5.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Domo Stock Up 22.8%

Shares of Domo stock traded up $0.51 during trading hours on Wednesday, reaching $2.75. 5,853,908 shares of the stock traded hands, compared to its average volume of 2,300,149. Domo, Inc. has a one year low of $1.84 and a one year high of $18.49. The firm has a market capitalization of $124.16 million, a price-to-earnings ratio of -2.07 and a beta of 1.78. The company has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.87.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.64 million. During the same quarter last year, the company earned ($0.69) EPS. Sell-side analysts anticipate that Domo, Inc. will post -1.42 earnings per share for the current year.

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global Wealth Strategies & Associates bought a new position in shares of Domo in the fourth quarter worth about $28,000. Headlands Technologies LLC bought a new stake in Domo during the 2nd quarter valued at approximately $42,000. Rangeley Capital LLC bought a new stake in Domo during the 1st quarter valued at approximately $80,000. Andina Capital Management LLC purchased a new position in Domo in the 4th quarter worth approximately $84,000. Finally, Oxford Asset Management LLP purchased a new position in Domo in the 4th quarter worth approximately $88,000. 76.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group restated a “neutral” rating on shares of Domo in a research note on Tuesday, June 16th. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $3.25 in a report on Tuesday, June 16th. Weiss Ratings cut Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. Cantor Fitzgerald lowered their price objective on Domo from $8.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th. Finally, DA Davidson reissued a “neutral” rating and issued a $3.50 target price on shares of Domo in a report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, four have given 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 “Reduce” and a consensus target price 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.