Daren Thayne Cashes in on Domo, Stock with Sale of 41218 Shares

☀️Trending News

Thayne’s decision to sell such a significant amount of Domo ($NASDAQ:DOMO) stock may raise some questions about the company’s future.

However, it is important to note that Thayne still holds over 3 million shares in the company, indicating that he still has confidence in Domo’s long-term growth potential. It is not uncommon for executives to sell their company’s stock, especially when it has performed well. In fact, it can often be seen as a way for them to diversify their portfolio and manage their personal finances. It is also worth noting that Thayne’s sale only accounts for a small fraction of his total Domo stock holdings. In conclusion, while Daren Thayne’s recent sale of Domo, Inc. stock may raise some questions, it is important to consider the bigger picture. With Thayne still holding a significant amount of shares, it is evident that he believes in the company’s potential for growth. As Domo continues to innovate and expand its offerings, it will be interesting to see how the stock market responds and if Thayne will make any further moves with his stock holdings.

Stock Price

On Monday, news broke that Daren Thayne, a member of the board of directors for Domo, Inc., had sold a significant portion of his shares in the company. This sale comes at a time when the company’s stock has been experiencing a downward trend. At market open on Monday, DOMO stock was valued at $9.4.

However, by market close, the stock had dropped by 4.2%, closing at $9.1. This downward trend is reflected in the company’s recent performance, as it has seen a decline in its stock price over the past year. Thayne’s sale of his shares may indicate a lack of confidence in the company’s future prospects. However, this sale may raise concerns among investors about the direction of the company and its potential for growth. This news also comes at a time when Domo, Inc. has been facing some challenges. The company has reported losses for multiple quarters, and its revenue growth has slowed down. With increasing competition in the data analytics industry, Domo will need to find ways to differentiate itself and drive profitability. In conclusion, the recent sale of DOMO stock by Daren Thayne raises questions about the company’s future and its ability to compete in the market. With a declining stock price and challenges in achieving profitability, investors may be keeping a close eye on Domo’s performance in the coming months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Domo. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Domo. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Domo. More…

Key Ratios Snapshot

Some of the financial key ratios for Domo are shown below. More…

Analysis

After examining DOMO’s wellness, I have come to the conclusion that it falls under the category of a ‘cheetah’ company, based on its Star Chart classification. This means that DOMO has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. As a company, DOMO may be attractive to investors who value rapid growth and are willing to take on more risk. In terms of its financial health, DOMO has strong growth potential but is weak in other areas such as assets, dividends, and profitability. This suggests that the company may be more focused on expanding and increasing its market share rather than generating profits. As such, this may be appealing to investors who prioritize long-term growth over immediate returns. However, it is important to note that DOMO has a low health score of 2/10 when it comes to its cashflows and debt. This means that the company may struggle to sustain its operations in times of crisis or economic downturns. As a result, investors who are more risk-averse may be less interested in DOMO as it may not be able to weather potential financial challenges as effectively. In conclusion, while DOMO may appeal to investors who value growth and are willing to take on higher risk, its weaker financial health and potential vulnerability during uncertain times may make it less attractive to others. It is important for investors to carefully consider their goals and risk tolerance before making any investment decisions regarding DOMO. Domo_Stock_with_Sale_of_41218_Shares”>More…

Peers

In the business world, there is always competition. Domo Inc is no exception. It competes with other companies such as My Rewards International Ltd, Tintri Inc, and IntelliHR Ltd. While each company has its own strengths and weaknesses, they all strive to be the best in the industry. Domo Inc has an edge over its competitors because of its innovative technology and cutting-edge products. It is always looking for new ways to improve its products and services so that it can stay ahead of the competition.

– My Rewards International Ltd ($ASX:MRI)

Tintri Inc is a data storage company that specializes in providing solutions for virtualized environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to provide high performance, scalability, and ease of use for customers who are looking to improve their storage infrastructure. The company’s products are used by some of the world’s largest organizations, including Microsoft, Amazon, and Facebook.

– Tintri Inc ($OTCPK:TNTRQ)

IntelliHR Ltd is a provider of cloud-based human resources (HR) solutions. The company offers a suite of HR tools designed to help businesses manage their employee data, onboard new employees, and comply with HR regulations. IntelliHR’s solutions are used by businesses of all sizes, from small businesses to enterprise organizations.

The company has a market capitalization of 26.86 million as of 2022 and a return on equity of -55.59%. IntelliHR’s human resources solutions are used by businesses of all sizes to manage employee data, onboard new employees, and comply with HR regulations. The company’s cloud-based solutions offer a suite of HR tools that are designed to help businesses improve their HR processes.

Summary

Investors should take note of this insider selling and the subsequent stock price movement as it could potentially be a reflection of concerns about the company’s financials or future prospects. It is important to closely monitor any significant insider activity as it can provide valuable insight for investment decisions.