Rpd Fund Management Llc Sells 20,870 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) insider Rpd Fund Management Llc sold 20,870 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $3.56, for a total transaction of $74,297.20. Following the transaction, the insider owned 4,344,399 shares in the company, valued at approximately $15,466,060.44. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were 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 shares were 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 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 Trading Up 3.2%

Domo stock opened at $3.87 on Friday. Domo, Inc. has a 1 year low of $2.39 and a 1 year high of $18.49. The company has a market cap of $174.72 million, a PE ratio of -2.67 and a beta of 1.78. The company’s 50-day moving average is $3.49 and its two-hundred day moving average is $5.72.

Domo (NASDAQ:DOMO) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. The business’s quarterly revenue was up 1% compared to the same quarter last year. Research analysts forecast that Domo, Inc. will post -1.43 EPS for the current year.

Trending Headlines about Domo

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

Analysts Set New Price Targets

A number of brokerages recently commented on DOMO. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 price objective 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 research report on Wednesday, March 11th. Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. TD Cowen cut their price target on shares of Domo from $16.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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 analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.92.

Institutional Investors Weigh In On Domo

Several hedge funds have recently bought and sold shares of the company. Brevan Howard Capital Management LP raised its holdings in Domo by 3.9% in the third quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after purchasing an additional 1,924 shares during the period. Verition Fund Management LLC raised its holdings in Domo by 8.1% in the fourth quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock worth $302,000 after purchasing an additional 2,679 shares during the period. Creative Planning raised its holdings in Domo by 23.2% during the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after buying an additional 2,889 shares during the period. Headlands Technologies LLC acquired a new stake in Domo during the 2nd quarter worth approximately $42,000. Finally, Global Wealth Strategies & Associates acquired a new stake in Domo during the 4th quarter worth approximately $28,000. 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.