Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne Sells 22,500 Shares

Domo, Inc. (NASDAQ:DOMO) EVP Daren Thayne sold 22,500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $9.04, for a total value of $203,400.00. Following the completion of the transaction, the executive vice president now owns 343,758 shares in the company, valued at approximately $3,107,572.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 21st, Daren Thayne sold 41,218 shares of Domo stock. The shares were sold at an average price of $9.33, for a total value of $384,563.94.

Domo Stock Down 0.1 %

NASDAQ:DOMO opened at $8.84 on Friday. The stock’s 50 day moving average price is $10.41 and its 200 day moving average price is $9.77. The company has a market capitalization of $323.70 million, a PE ratio of -4.21 and a beta of 2.32. Domo, Inc. has a 52-week low of $7.78 and a 52-week high of $18.19.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The company had revenue of $80.18 million during the quarter, compared to analysts’ expectations of $79.46 million. As a group, sell-side analysts anticipate that Domo, Inc. will post -2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in shares of Domo by 90.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock valued at $78,000 after purchasing an additional 740 shares during the last quarter. Cim Investment Management Inc. grew its stake in shares of Domo by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 21,453 shares of the company’s stock valued at $304,000 after purchasing an additional 743 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of Domo by 6.7% in the 4th quarter. Boothbay Fund Management LLC now owns 12,436 shares of the company’s stock valued at $177,000 after purchasing an additional 786 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Domo by 15.5% in the 3rd quarter. Royal Bank of Canada now owns 5,975 shares of the company’s stock valued at $107,000 after purchasing an additional 802 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Domo by 29.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company’s stock valued at $203,000 after purchasing an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “neutral” rating and issued a $10.00 price objective on shares of Domo in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.60.

About Domo

Domo, Inc 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 from smartphones.