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DA Davidson’s latest rating for DOMO stock

Domo Inc.’s recent filing unveils that its Chief Financial Officer Jolley David R unloaded Company’s shares for reported $0.1 million on Apr 11 ’24. In the deal valued at $8.50 per share,12,000 shares were sold. As a result of this transaction, Jolley David R now holds 215,543 shares worth roughly $1.62 million.

Then, Thayne Daren sold 22,500 shares, generating $203,292 in total proceeds. Upon selling the shares at $9.04, the CTO & EVP of Product now owns 343,758 shares.

Before that, Thayne Daren sold 2,866 shares. Domo Inc. shares valued at $27,489 were divested by the CTO & EVP of Product at a price of $9.59 per share. As a result of the transaction, Thayne Daren now holds 365,958 shares, worth roughly $2.76 million.

DA Davidson initiated its Domo Inc. [DOMO] rating to a Neutral in a research note published on September 22, 2023; the price target was $10. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering DOMO and has decreased its forecast on January 20, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Lake Street started covering the stock on October 18, 2022. It rated DOMO as “a Buy”.

Price Performance Review of DOMO

On Tuesday, Domo Inc. [NASDAQ:DOMO] saw its stock fall -1.70% to $7.53. Over the last five days, the stock has gained 0.40%. Domo Inc. shares have fallen nearly -26.82% since the year began. Nevertheless, the stocks have fallen -52.58% over the past one year. While a 52-week high of $18.19 was reached on 02/07/24, a 52-week low of $7.24 was recorded on 04/25/24. SMA at 50 days reached $9.34, while 200 days put it at $10.69. A total of 0.36 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For DOMO Stock

The 24-hour chart illustrates a support level at 7.46, which if violated will result in even more drops to 7.38. On the upside, there is a resistance level at 7.60. A further resistance level may holdings at 7.66. The Relative Strength Index (RSI) on the 14-day chart is 28.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.67%. Stochastics %K at 22.41% indicates the stock is a holding.

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