Domo, Inc. (NASDAQ:DOMO – Get Rating) COO Catherine Wong sold 3,750 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $17.16, for a total value of $64,350.00. Following the transaction, the chief operating officer now directly owns 298,758 shares in the company, valued at approximately $5,126,687.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Domo Price Performance
Shares of DOMO stock traded down $0.35 during midday trading on Friday, reaching $16.80. 460,784 shares of the company traded hands, compared to its average volume of 440,394. The firm’s 50 day simple moving average is $26.32 and its two-hundred day simple moving average is $33.94. Domo, Inc. has a 1-year low of $16.41 and a 1-year high of $95.50. The firm has a market cap of $575.67 million, a PE ratio of -4.49 and a beta of 2.55.
Domo (NASDAQ:DOMO – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.21. The company had revenue of $75.50 million for the quarter, compared to analyst estimates of $76.40 million. During the same quarter in the previous year, the business posted ($0.70) earnings per share. Domo’s revenue was up 20.2% on a year-over-year basis. As a group, research analysts anticipate that Domo, Inc. will post -3.42 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Domo
Wall Street Analysts Forecast Growth
DOMO has been the topic of a number of analyst reports. Cowen lowered their price objective on Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. JMP Securities lowered their price objective on Domo from $59.00 to $43.00 and set a “market outperform” rating on the stock in a report on Friday, August 26th. Cowen lowered their price objective on Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. Finally, Morgan Stanley lowered their price objective on Domo from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $57.00.
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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