Insider Activity Report: Domo (DOMO)

David Daniel, a director at Domo (DOMO), recently bought 26,400 shares. The buy increased his holdings by 19 percent, and came to a total cost of $357,580.

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  • This is the director’s third buy of the year, followed by a buy in May and April. The company CFO picked up 5,000 shares, paying about $70,000 back in April, and the company’s CEO bought 429,810 shares in March.  There has been one small insider sale in the past month.

    Overall, company insiders own 7.1 percent of the business intelligence company.

    Domo shares have been cut roughly in half over the past year. The company is in its early stages, and isn’t expected to turn a profit anytime soon.

    However, revenues did rise 7 percent over the past year, and Domo could benefit from the growing interest in AI technologies.

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  • Action to take: Shares have been somewhat rangebound since the start of the year. It’s likely that the stock has put in a bottom, but it could take some time for shares to take off. As an early stage company, Domo is far from paying dividends.

    For traders, the August $16 calls, last going for about $0.65, are a near-the-money trade that could see double-digit returns in the coming weeks. Traders should use any quick pop in shares to take a modest profit.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.


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