Domo, Inc. (NASDAQ:DOMO – Get Rating) CEO John M. Mellor sold 6,788 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $27.30, for a total value of $185,312.40. Following the transaction, the chief executive officer now directly owns 379,171 shares in the company, valued at approximately $10,351,368.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of DOMO stock traded up $3.53 during midday trading on Thursday, reaching $30.86. 583,058 shares of the company traded hands, compared to its average volume of 398,827. The firm’s 50 day simple moving average is $34.76 and its two-hundred day simple moving average is $42.71. Domo, Inc. has a 1-year low of $23.01 and a 1-year high of $98.35. The firm has a market cap of $1.02 billion, a PE ratio of -8.62 and a beta of 2.68.
Domo (NASDAQ:DOMO – Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.17. The company had revenue of $74.50 million for the quarter, compared to analyst estimates of $74.10 million. During the same quarter in the previous year, the business posted ($0.58) earnings per share. Domo’s revenue was up 24.0% on a year-over-year basis. As a group, equities research analysts expect that Domo, Inc. will post -4.21 EPS for the current year.
A number of equities research analysts have weighed in on the company. Cowen lowered their price objective on Domo from $85.00 to $70.00 in a report on Monday, May 23rd. JMP Securities lowered their price objective on Domo from $88.00 to $59.00 in a report on Friday, May 27th. Cowen lowered their price objective on Domo from $85.00 to $70.00 in a report on Monday, May 23rd. Finally, Morgan Stanley lowered their price objective on Domo from $90.00 to $74.00 and set an “overweight” rating on the stock 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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