Thayne Daren, serving in the dual capacity of Chief Technology Officer and Executive Vice President of Product at Domo, Inc. (NASDAQ: DOMO), has completed a substantial equity transaction involving the company's Class B Common Stock. According to regulatory filings, the sale of 52,365 shares was executed on June 24, 2026. The aggregate value of these shares, calculated at the time of sale, amounted to $124,503.
The transaction was characterized by a weighted average execution price of $2.3776 per share. Within this specific block of equity, individual sale prices fluctuated between a low of $2.185 and a high of $2.640 per share. The primary driver for this divestiture was the satisfaction of tax obligations incurred by Mr. Daren. These liabilities were directly associated with the vesting and subsequent settlement of Restricted Stock Units granted to him as part of his compensation package.
Following the completion of this transaction, Mr. Daren's direct holding in the company stands at 498,051 shares of Class B Common Stock. Furthermore, an additional 103,552 shares are held indirectly through the Daren and Sharisa Thayne Family, LLC. This structure indicates a continued, albeit modified, equity stake in the organization.
The timing of this sale coincides with a period of significant price compression for DOMO. The stock was trading at approximately $2.75 at the time of reporting, a level notably close to its 52-week low of $1.84. Over the preceding twelve months, the equity has experienced a substantial decline of 78%, reflecting intense market scrutiny and valuation pressures within the data analytics sector.
Recent corporate developments have added complexity to the equity landscape. Domo reported mixed fiscal first-quarter results for 2027. Revenue came in slightly below consensus estimates at $79.4 million, against an anticipated figure of $79.58 million. However, the company managed to post a narrower-than-expected loss of 2 cents per share, significantly outperforming analyst expectations of an 8-cent loss.
Despite the earnings beat, operational challenges persist. Domo entered into a forbearance agreement with its lender regarding a breach of its annual recurring revenue loan covenant. This agreement necessitates a sale transaction agreement by the end of July. In response to these dynamics, analyst sentiment has adjusted. TD Cowen downgraded the stock to Hold from Buy, setting a price target of $3.25. Citizens lowered its target to $2.25, maintaining a Market Underperform rating. Cantor Fitzgerald reduced its target to $5.00 while retaining an Overweight rating. D.A. Davidson reiterated a Neutral rating with a $3.50 target. Management is currently reviewing strategic options, though no definitive timeline has been established.