Domo director Daniel David III purchases $772,452 in company stock

Daniel Daniel David III, a director at Domo, Inc. (NASDAQ:DOMO), recently acquired 120,000 shares of the company’s Class B common stock. The purchase, disclosed in a filing with the Securities and Exchange Commission, was made at an average price of $6.44 per share, resulting in a total transaction value of approximately $772,452. The timing is notable as the stock has declined over 16% in the past week, trading at $6.64 as of the latest close.

Following this transaction, David holds a total of 781,400 shares indirectly through managed accounts at Twenty Acre Capital, where he exercises voting and dispositive control. Additionally, he possesses 58,981 shares directly and 6,838 shares indirectly through his spouse. According to InvestingPro data, the company’s market capitalization stands at $255 million, with analyst price targets ranging from $8 to $16.

This acquisition reflects David’s continued investment in Domo, a company known for its prepackaged software services, headquartered in American Fork, Utah. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading below its intrinsic value, while maintaining a FAIR overall financial health score.

In other recent news, Domo Inc . has reported several developments that may interest investors. The company recently announced a partnership with Human Capital Vue, aiming to enhance HR data integration by utilizing Domo’s AI tools. This collaboration has already shown improvements in employee satisfaction and retention metrics. At their annual Domopalooza 2025 event, Domo introduced Agent Catalyst, a new AI tool designed to automate complex workflows, which received over 200 customer requests shortly after its announcement.

Additionally, Domo unveiled platform enhancements to improve data interaction, including new features like Table Elements and Magic ETL upgrades. These updates aim to make data more accessible and actionable for users. Analyst firms have maintained positive ratings on Domo, with Citizens JMP holding a Market Outperform rating and a $16 price target, while Cantor Fitzgerald continues to rate the stock as Overweight with an $11 price target. Both firms highlighted Domo’s strategic initiatives and strong partner ecosystem as key factors in their assessments.

The company’s recent earnings report indicated a positive outlook, with expectations of being free cash flow positive for the upcoming fiscal year. These developments reflect Domo’s ongoing efforts to enhance its offerings and maintain its competitive edge in the data and AI sectors.

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