Doma Holdings CFO sells shares valued at $3,587

Michael Alan Smith, the Executive Vice President and Chief Financial Officer of Doma Holdings, Inc. (NYSE:DOMA), a company specializing in title insurance, has sold shares in a transaction dated April 12, 2024. The shares sold amount to a total value of $3,587, with the price per share ranging from $6.07 to $6.10.

The sale involved 591 shares of Doma Holdings' common stock, which were sold to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). Following the sale, Smith's direct ownership in the company stands at 131,977 shares. The RSUs were part of an incentive plan that had commenced vesting in July 2022, with a portion vesting on the first anniversary and the remainder in equal quarterly installments over four years, contingent on continued employment.

Investors may note that the specific shares sold by Smith were tied to the company's employee compensation plan, as outlined in the footnotes of the filing. The price reported for the shares represents a weighted average, with the transaction being executed in multiple trades within the stated price range. The company has committed to providing full details regarding the number of shares and the prices at which the transactions were effected upon request.

Doma Holdings, Inc., headquartered in San Francisco, California, operates in the financial sector, providing title insurance and related services. The company's stock is publicly traded under the ticker symbol DOMA.

In light of the recent share sale by Doma Holdings' CFO, Michael Alan Smith, investors may consider the current financial metrics and market performance of the company to assess its investment potential. According to InvestingPro data, Doma Holdings, Inc. (NYSE:DOMA) has a market capitalization of 84.02 million USD, hinting at its size within the title insurance industry. The revenue for the last twelve months as of Q4 2023 was reported to be 310.94 million USD, although the company has experienced a revenue decline of 22.26% during the same period. This contraction could be a point of concern for investors looking for growth in top-line figures.

Moreover, the company's performance in the stock market over the past month has been notable, with a 45.78% price total return, which could be indicative of recent investor confidence or market reactions to company-specific news. This is supported by one of the InvestingPro Tips, which states that Doma Holdings has seen a strong return over the last month. However, it is essential to note that the company's stock price performance over the last year has been less favorable, with a -35.26% price total return, possibly reflecting longer-term challenges faced by the company.

For investors seeking a deeper dive into the financial health and potential investment opportunities with Doma Holdings, additional InvestingPro Tips are available, including insights on the company's cash burn rate and profitability concerns. With 17 additional tips listed on InvestingPro, including concerns about the company's ability to make interest payments on its debt and weak gross profit margins, prospective investors can gain a comprehensive understanding of the risks and opportunities associated with DOMA. To access these valuable insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro .

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