Gold rally may be losing steam but no major correction seen: DB
Director Daniel Daniel David III disposed of 273,900 shares of Domo, Inc. (NASDAQ:DOMO) Class B Common Stock on October 6, 2025, for a total value of $4,178,563. The shares were sold at a weighted average price of $15.2558, in multiple transactions ranging from $15.03 to $15.57. The sale comes amid Domo’s remarkable 96% surge over the past six months, with the stock currently trading near $14.74. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment.
The sale was conducted by Twenty Acre Capital LP in connection with winding up an investment fund. Analyst targets for Domo range from $15 to $21, suggesting potential upside. Get deeper insights and access to 8 additional exclusive InvestingPro Tips, along with comprehensive analysis in the Pro Research Report.
On the same day, Daniel’s spouse donated 4,429 shares of Class B Common Stock to a charitable organization.
In other recent news, Domo reported better-than-expected results for the second quarter of fiscal 2026. The company achieved non-GAAP earnings per share of $0.02, surpassing consensus estimates of a $0.05 loss per share. Following these results, JMP Securities reiterated its Market Outperform rating with a $20.00 price target. Similarly, Cantor Fitzgerald raised its price target on Domo to $20.00 from $17.00, highlighting successful partnerships with Amazon Web Services, Google BigQuery, and Snowflake. Meanwhile, DA Davidson assumed coverage of Domo with a Neutral rating and increased its price target to $15.00 from $9.00. In an effort to expand its market reach, Domo also announced the launch of operations in the AWS Asia-Pacific Region to serve Indian organizations and global companies operating in India. This expansion aims to enhance performance and comply with data sovereignty regulations. These developments reflect Domo’s strategic initiatives and ongoing partnerships in the tech industry.
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