Domo Inc’s filing revealed that its Chief Financial Officer Jolley David R acquired Company’s shares for reported $69875.0 on Sep 06 ’24. In the deal valued at $6.99 per share,10,000 shares were bought. As a result of this transaction, Jolley David R now holds 291,465 shares worth roughly $2.33 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 $4.48 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 Friday, Domo Inc [NASDAQ:DOMO] saw its stock fall -18.07% to $7.98. Over the last five days, the stock has lost -14.74%. Domo Inc shares have fallen nearly -22.45% since the year began. Nevertheless, the stocks have fallen -16.18% over the past one year. While a 52-week high of $12.23 was reached on 02/07/24, a 52-week low of $6.11 was recorded on 05/24/24. SMA at 50 days reached $8.29, while 200 days put it at $8.07.
Levels Of Support And Resistance For DOMO Stock
The 24-hour chart illustrates a support level at 7.17, which if violated will result in even more drops to 6.37. On the upside, there is a resistance level at 9.31. A further resistance level may holdings at 10.65. The Relative Strength Index (RSI) on the 14-day chart is 38.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.58%. Stochastics %K at 62.65% indicates the stock is a holding.
How much short interest is there in Domo Inc?
A steep rise in short interest was recorded in Domo Inc stocks on 2024-11-15, dropping by -0.83 million shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.63 million shares. There was a decline of -46.25%, which implies that there is a negative sentiment for the stock.
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.
