In a recent SEC filing, Domo, Inc. submitted Form 144, indicating a plan for the potential sale of restricted securities. This filing is significant as it provides insight into the intentions of certain shareholders to sell their holdings. Form 144 is typically filed by company affiliates or individuals with access to insider information who plan to sell their shares in the open market. It does not necessarily mean that the sales will occur immediately, but rather serves as a notice of intent.
Domo, Inc. is a cloud-based software company that offers a business optimization platform to help organizations make better decisions based on real-time data. Founded in 2010, the company aims to revolutionize the way business is managed by providing a comprehensive suite of tools for data visualization, analytics, and collaboration. For more information about Domo, Inc., you can visit their website at https://www.domo.com/.
Form 144 is a notice of proposed sale of securities that must be filed with the Securities and Exchange Commission when an affiliate of a company intends to sell restricted, unregistered securities. This form helps promote transparency in the market by providing advance notice of potential sales by insiders, allowing investors to make more informed decisions. It is important for investors to monitor Form 144 filings as they can impact the supply and demand dynamics of a company’s stock.
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Domo, Inc. Submits Form 144 Filing: What You Need to Know
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