Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne Sells 7,095 Shares

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 7,095 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $6.85, for a total value of $48,600.75. Following the transaction, the executive vice president now owns 406,663 shares of the company’s stock, valued at approximately $2,785,641.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Daren Thayne also recently made the following trade(s):

• On Thursday, April 4th, Daren Thayne sold 22,500 shares of Domo stock. The shares were sold at an average price of $9.04, for a total value of $203,400.00.

Domo Stock Performance

DOMO opened at $7.43 on Tuesday. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $18.19. The firm’s fifty day moving average is $7.17 and its 200 day moving average is $9.05. The stock has a market cap of $283.60 million, a price-to-earnings ratio of -3.54 and a beta of 2.33.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The company had revenue of $80.10 million for the quarter, compared to the consensus estimate of $79.57 million. On average, equities research analysts predict that Domo, Inc. will post -2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DOMO shares. TD Cowen cut their price objective on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research report on Thursday, June 20th. DA Davidson reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Domo in a report on Thursday, March 28th. Lake Street Capital cut Domo from a “buy” rating to a “hold” rating and dropped their price target for the company from $15.00 to $8.00 in a research note on Friday, May 24th. Finally, Morgan Stanley cut their price target on Domo from $13.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Domo currently has a consensus rating of “Hold” and a consensus target price of $10.20.

Institutional Trading of Domo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp acquired a new stake in shares of Domo during the fourth quarter valued at about $1,133,000. Jacobs Levy Equity Management Inc. grew its stake in Domo by 37.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 618,569 shares of the company’s stock valued at $6,068,000 after acquiring an additional 167,937 shares during the last quarter. Legato Capital Management LLC lifted its holdings in shares of Domo by 40.2% during the 4th quarter. Legato Capital Management LLC now owns 60,531 shares of the company’s stock worth $623,000 after acquiring an additional 17,350 shares during the period. Vanguard Group Inc. increased its position in Domo by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,544,399 shares of the company’s stock worth $44,581,000 after purchasing an additional 190,496 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Domo by 4.1% during the fourth quarter. BNP Paribas Financial Markets now owns 43,707 shares of the company’s stock worth $450,000 after buying an additional 1,704 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.