Rpd Fund Management Llc Sells 15,828 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 15,828 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $3.68, for a total value of $58,247.04. Following the completion of the transaction, the insider directly owned 4,316,734 shares of the company’s stock, valued at approximately $15,885,581.12. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $4.46, for a total value 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 value 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 value of $91,656.96.
• On Wednesday, May 27th, Rpd Fund Management Llc sold 27,439 shares of Domo stock. The shares were sold at an average price of $3.71, for a total value of $101,798.69.
• 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 value 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 value 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 value 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 value 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 value 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 value of $2,818,304.00.

Domo Trading Up 3.2%

Domo stock opened at $3.87 on Friday. The firm has a market capitalization of $174.72 million, a P/E ratio of -2.67 and a beta of 1.78. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $5.72. Domo, Inc. has a 52 week low of $2.39 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The company had revenue of $79.63 million during the quarter, compared to analysts’ expectations of $78.65 million. The firm’s revenue for the quarter was up 1% compared to the same quarter last year. As a group, equities analysts predict that Domo, Inc. will post -1.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DOMO shares. DA Davidson dropped their target price on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Stephens dropped their price target on 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 Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Cantor Fitzgerald dropped their price target on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Finally, Lake Street Capital dropped their price target on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.92.

Domo News Summary

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

Institutional Investors Weigh In On Domo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOMO. RPD Fund Management LLC increased its stake in Domo by 11,294.3% during the fourth quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock worth $30,545,000 after acquiring an additional 3,591,600 shares during the last quarter. Capital Research Global Investors acquired a new stake in Domo during the third quarter worth about $43,560,000. Portolan Capital Management LLC increased its stake in 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 acquiring an additional 1,576,884 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Domo during the fourth quarter worth about $8,108,000. Finally, First Trust Advisors LP acquired a new stake in Domo during the third quarter worth about $9,744,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.