CFO David R Jolley bought 10,000 DOMO shares at $6.99 on 2024-09-06; stock down 41.4% from 52-week high amid unprofitability.
David R Jolley, Chief Financial Officer, purchased 10,000 shares at $6.99, increasing his holdings to 291,465 shares. The purchase occurred at a price significantly depressed from the 52-week high of $11.90 (-41.4%), with the stock also down 5.9% over the prior 30 days. DOMO remains unprofitable with net income of $-19,490,000.00 on quarterly revenue of $78,407,000.00, and annual revenue growth has slowed to +3.4%. Notably, Jolley's prior buy at this ticker (2023-04-12) delivered a +10.4% 90-day return with a 100% win rate across his cross-ticker track record, suggesting historical acumen in timing buys. However, the company's negative earnings profile and ongoing pressure merit scrutiny into whether this acquisition reflects conviction in a turnaround or represents routine capital deployment in a mature, unprofitable position.