Daren Thayne Sells 52,365 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 52,365 shares of Domo stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $124,628.70. Following the sale, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Domo Trading Down 11.3%

NASDAQ DOMO opened at $2.44 on Friday. The stock has a 50-day simple moving average of $3.44 and a 200 day simple moving average of $4.83. The company has a market capitalization of $110.17 million, a PE ratio of -1.83 and a beta of 1.78. Domo, Inc. has a 12 month low of $1.84 and a 12 month high of $18.49.

Domo (NASDAQ:DOMO) last issued its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.64 million. During the same quarter last year, the business posted ($0.69) EPS. As a group, sell-side analysts predict that Domo, Inc. will post -1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DOMO shares. Lake Street Capital reduced their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Cantor Fitzgerald reduced their price target on shares of Domo from $8.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. Finally, UBS Group reissued a “neutral” rating on shares of Domo in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $4.83.

Hedge Funds Weigh In On Domo

Several institutional investors have recently modified their holdings of the business. Portolan Capital Management LLC raised its holdings in Domo by 142.3% during the 3rd 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 during the period. AIGH Capital Management LLC boosted its holdings 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 valued at $15,492,000 after buying an additional 496,244 shares during the period. Capital Research Global Investors bought a new stake in shares of Domo during the third quarter worth $43,560,000. Rockwood Wealth Management LLC raised its holdings in shares of Domo by 16.1% during the first quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock worth $166,000 after acquiring an additional 7,507 shares during the period. Finally, Andina Capital Management LLC bought a new stake in Domo in the 4th quarter valued at $84,000. Institutional investors own 76.64% of the company’s stock.

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.