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Investing in Domo Inc. (DOMO): What You Must Know

Domo Inc.’s filing revealed that its Director Daniel Daniel David III acquired Company’s shares for reported $0.68 million on Jun 21 ’24. In the deal valued at $6.84 per share,100,000 shares were bought. As a result of this transaction, Daniel Daniel David III now holds 661,400 shares worth roughly $4.7 million.

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Then, Thayne Daren sold 7,095 shares, generating $48,601 in total proceeds. Upon selling the shares at $6.85, the CTO & EVP of Product now owns 406,663 shares.

Before that, Daniel Daniel David III bought 150,000 shares. Domo Inc. shares valued at $1,030,605 were divested by the Director at a price of $6.87 per share. As a result of the transaction, Daniel Daniel David III now holds 561,400 shares, worth roughly $3.99 million.

Lake Street downgraded its Domo Inc. [DOMO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. TD Cowen also remained covering DOMO and has decreased its forecast on August 25, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on January 20, 2023. It rated DOMO as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of DOMO

On Tuesday, Domo Inc. [NASDAQ:DOMO] saw its stock fall -2.87% to $7.10. Over the last five days, the stock has lost -6.58%. Domo Inc. shares have fallen nearly -31.00% since the year began. Nevertheless, the stocks have fallen -46.82% over the past one year. While a 52-week high of $18.19 was reached on 02/07/24, a 52-week low of $6.11 was recorded on 05/24/24. SMA at 50 days reached $7.17, while 200 days put it at $9.00. A total of 0.32 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 6.93, which if violated will result in even more drops to 6.77. On the upside, there is a resistance level at 7.30. A further resistance level may holdings at 7.50. The Relative Strength Index (RSI) on the 14-day chart is 46.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.17%. Stochastics%K at 51.52% indicates the stock is a holding.

The most recent change occurred on October 18, 2022 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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