Daren Thayne Increases Stake in Domo, Inc. with Share Purchase
Daren Thayne, CTO of Domo, Inc., acquired 140,121 shares in a recent transaction.
Key Points
- Daren Thayne, CTO of Domo, Inc., purchased 140,121 shares on June 19, highlighting insider confidence.
- Domo's stock traded at $2.3 on Wednesday, with a market cap of approximately $103.8 million and a forward P/E of 21.3.
- RPD Fund Management LLC increased its holdings by 990,326 shares, while analysts set varied price targets for Domo.
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Daren Thayne, the Chief Technology Officer and Executive Vice President of Product at Domo, Inc., recently bought 140,121 shares of the company. This insider transaction took place on June 19, 2026, showcasing a significant insider buy within the company.
Insider Buying and Selling at Domo, Inc.
Daren Thayne wasn't the only insider involved in recent transactions at Domo, Inc. On the same day, Founder and CEO Joshua James acquired 245,269 shares, and CFO Todd Crane bought 122,634 shares. These purchases highlight a trend of insider confidence in the company's future.
Other Institutional Activity in Domo, Inc.
Several institutional investors have also been active in Domo, Inc. RPD Fund Management LLC increased its holdings by 990,326 shares, bringing its total to 4,613,726 shares valued at approximately $14.1 million. BlackRock, Inc. added 338,558 shares, resulting in a total of 3,512,062 shares worth about $10.7 million. Vanguard Portfolio Management LLC opened a new position with 3,222,739 shares valued at roughly $9.9 million. Veradace Capital Management LLC boosted its stake by 420,601 shares to a total of 1,979,666 shares worth $6.1 million. Goldman Sachs Group Inc. significantly increased its holdings by 887,770 shares, reaching 1,572,135 shares valued at $4.8 million.
Domo, Inc. Stock Down 42.0%
On Wednesday, shares of Domo, Inc. (NasdaqGM: DOMO) traded around $2.3. The company has a market capitalization of approximately $103.8 million and a forward P/E ratio of 21.3, indicating potential future earnings expectations. Domo's beta of 1.77 suggests higher volatility compared to the broader market. The stock's 52-week range is between $1.84 and $18.49, with moving averages of $3.49 over 50 days and $7.89 over 200 days.
$DOMO stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analyst activity around Domo has been varied. On June 16, 2026, TD Cowen downgraded the stock to a hold rating with a price target of $3.25. DA Davidson maintained a hold rating with a $3.5 target, while Stephens & Co. reiterated a buy rating with an $8 target. Cantor Fitzgerald also maintained a buy rating, setting a target of $5. Citizens maintained a sell rating with a lower target of $2.25. The consensus recommendation is a buy, with an average price target of $4.33 based on six analyst opinions.
About Domo, Inc.
Domo, Inc. operates a cloud-based platform that connects executives and employees with real-time data and insights to enhance business impact. Headquartered in American Fork, Utah, the company serves industries such as financial services, healthcare, pharmaceuticals, energy, and technology. Founded in 2010, Domo is led by CEO Joshua G. James and employs 876 people. The company partners with Altis Consulting to deliver data-driven solutions.
Bottom Line
The recent insider purchases at Domo, Inc. by top executives, including Daren Thayne, underscore a vote of confidence in the company's prospects. While the stock trades at a modest price point, the forward P/E suggests some optimism about future earnings. Institutional investors are actively adjusting their positions, and analysts continue to offer mixed views with a range of price targets. As always, it's important to remember that insider transactions are just one piece of the broader investment puzzle.
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