John M. Mellor Sells 6,788 Shares of Domo, Inc. (NASDAQ:DOMO) Stock

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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Domo by 222.5% during the 3rd quarter. Captrust Financial Advisors now owns 545 shares of the company’s stock valued at $46,000 after buying an additional 376 shares during the period. Bellwether Advisors LLC boosted its position in Domo by 153.2% during the 1st quarter. Bellwether Advisors LLC now owns 666 shares of the company’s stock worth $33,000 after purchasing an additional 403 shares during the period. Lazard Asset Management LLC boosted its position in Domo by 90.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after purchasing an additional 740 shares during the period. UMB Bank N A MO purchased a new stake in Domo during the 4th quarter worth $123,000. Finally, Penserra Capital Management LLC boosted its position in Domo by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,526 shares of the company’s stock worth $127,000 after purchasing an additional 842 shares during the period. 72.40% of the stock is owned by institutional investors.

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.

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