Panoramic Capital LLC Acquires Shares of 100,000 Domo, Inc. $DOMO

Key Points

• Panoramic Capital LLC has acquired 100,000 shares of Domo, Inc. valued at approximately $776,000, representing 0.8% of its investment portfolio.
• Domo reported an EPS of $0.02 for the latest quarter, surpassing analysts' expectations and achieving a revenue increase of 1.7% year-over-year.
• Analysts have positive outlooks for Domo, with various firms issuing price targets, including a new target of $20.00 from JMP Securities, reflecting a Moderate Buy average rating.

Panoramic Capital LLC acquired a new stake in Domo, Inc. (NASDAQ:DOMO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $776,000. Domo makes up 0.8% of Panoramic Capital LLC's holdings, making the stock its 26th biggest holding. Panoramic Capital LLC owned 0.25% of Domo as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DOMO. MetLife Investment Management LLC boosted its position in shares of Domo by 9.5% during the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock valued at $151,000 after acquiring an additional 1,681 shares during the last quarter. Rhumbline Advisers increased its position in Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after purchasing an additional 2,369 shares during the last quarter. Diversify Wealth Management LLC raised its stake in Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after purchasing an additional 2,705 shares during the period. Barclays PLC raised its stake in Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock worth $584,000 after purchasing an additional 2,962 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DOMO. TD Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $21.00 in a report on Tuesday, August 26th. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price objective on shares of Domo in a research report on Wednesday. Lake Street Capital set a $16.00 target price on Domo and gave the company a "hold" rating in a research report on Thursday, August 28th. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Cantor Fitzgerald raised their price objective on Domo from $17.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Domo has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Domo Price Performance

Shares of DOMO stock traded up $1.27 on Thursday, hitting $16.86. The stock had a trading volume of 1,198,057 shares, compared to its average volume of 560,703. The company's 50 day moving average price is $15.10 and its 200-day moving average price is $11.48. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $17.88. The firm has a market capitalization of $678.45 million, a P/E ratio of -8.69 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. The business's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. On average, equities analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James bought 13,025 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $12.74 per share, with a total value of $165,938.50. Following the purchase, the chief executive officer directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.24% of the stock is currently owned by insiders.

Domo Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.