Tod Crane Sells 68,483 Shares of Domo (NASDAQ:DOMO) Stock

Domo, Inc. (NASDAQ:DOMO) CFO Tod Crane sold 68,483 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $162,989.54. Following the completion of the sale, the chief financial officer owned 276,809 shares in the company, valued at approximately $658,805.42. This trade represents a 19.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Domo Stock Up 22.8%

DOMO stock traded up $0.51 during mid-day trading on Wednesday, hitting $2.75. 5,853,908 shares of the company were exchanged, compared to its average volume of 2,300,149. Domo, Inc. has a 12-month low of $1.84 and a 12-month high of $18.49. The firm has a market capitalization of $124.16 million, a P/E ratio of -2.07 and a beta of 1.78. The business has a fifty day simple moving average of $3.45 and a 200-day simple moving average of $4.87.

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

Institutional Trading of Domo

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

Analyst Ratings Changes

DOMO has been the topic of several research reports. UBS Group reissued a “neutral” rating on shares of Domo in a research report on Tuesday, June 16th. Lake Street Capital reduced their target price on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Citizens Jmp decreased their price target on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating for the company in a research report on Tuesday, June 16th. Stephens restated an “overweight” rating on shares of Domo in a research note on Tuesday, June 16th. Finally, TD Cowen lowered Domo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $6.00 to $3.25 in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target 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.