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AMERICAN FORK, Utah—David R. Jolley, a director at Domo, Inc. (NASDAQ:DOMO), a cloud software company with a market capitalization of $334 million, has sold a significant portion of his holdings in the company. According to InvestingPro data, the stock has shown notable volatility, with a 16% gain year-to-date despite challenging market conditions. According to a recent SEC filing, Jolley sold 25,000 shares of Domo’s Class B common stock on March 13, 2025. The shares were sold at a weighted-average price of $8.3142, resulting in a total transaction value of approximately $207,855. The transaction price sits below the current analyst consensus target, with price targets ranging from $8 to $16 per share.
Following this transaction, Jolley retains ownership of 255,743 shares in the company. The sale was executed through multiple transactions, with share prices ranging from $8.30 to $8.38. For deeper insights into insider transactions and comprehensive financial analysis, including 6 additional key ProTips about Domo’s financial health and market position, visit InvestingPro.
In other recent news, Domo Inc . reported its fourth-quarter fiscal year 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.05, compared to the forecasted -$0.17. The company also exceeded revenue projections, reporting $78.8 million against the anticipated $78.06 million. JMP Securities maintained a Market Outperform rating on the stock with a $16.00 price target, acknowledging the company’s performance despite a slight year-over-year revenue decline. Cantor Fitzgerald reiterated an Overweight rating with an $11.00 target, highlighting Domo’s strong finish to the fiscal year and key financial metrics that outperformed expectations.
Meanwhile, DA Davidson initiated coverage with a Neutral rating and reduced the price target from $9.00 to $8.00 due to concerns over revenue deceleration. Despite these mixed analyst perspectives, Domo’s strategic focus on expanding its partner ecosystem and shifting to a consumption-based pricing model has shown positive results. The company’s subscription Remaining Performance Obligations (RPO) increased by 14% year-over-year, with long-term subscription RPO growth reaching 38%. In governance news, Domo appointed Ryan Wright and David Jolley as new directors, with Jolley resigning from his employee position to assume the new role. These developments reflect Domo’s ongoing strategic initiatives and adjustments in leadership and market approach.
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