Domo, Inc. (NASDAQ:DOMO – Get Rating) CEO John M. Mellor sold 6,788 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $27.30, for a total value of $185,312.40. Following the completion of the transaction, the chief executive officer now owns 379,171 shares of the company’s stock, valued at $10,351,368.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ DOMO traded up $3.53 during trading on Thursday, hitting $30.86. 583,058 shares of the company traded hands, compared to its average volume of 398,827. Domo, Inc. has a 1 year low of $23.01 and a 1 year high of $98.35. The company has a 50-day moving average price of $34.76 and a 200-day moving average price of $42.71. The firm has a market capitalization of $1.02 billion, a P/E ratio of -8.62 and a beta of 2.68.
Domo (NASDAQ:DOMO – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.17. The company had revenue of $74.50 million for the quarter, compared to analysts’ expectations of $74.10 million. During the same period in the prior year, the firm earned ($0.58) earnings per share. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. On average, research analysts predict that Domo, Inc. will post -4.21 EPS for the current fiscal year.
DOMO has been the subject of several analyst reports. Cowen cut their price target on Domo from $85.00 to $70.00 in a report on Monday, May 23rd. Cowen cut their price target on Domo from $85.00 to $70.00 in a report on Monday, May 23rd. JMP Securities cut their price target on Domo from $88.00 to $59.00 in a report on Friday, May 27th. Finally, Morgan Stanley cut their price target on Domo from $90.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, May 19th.
Domo Company Profile (Get Rating)
Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
- Get a free copy of the StockNews.com research report on Domo (DOMO)
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