Domo, Inc. $DOMO Shares Purchased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Domo, Inc. by 3.0% in the first quarter, acquiring an additional 41,194 shares, bringing its total holdings to 1,415,884 shares worth approximately $10.99 million.
• Analyst ratings for Domo have improved, with Cantor Fitzgerald raising their price target from $17.00 to $20.00 and several other analysts issuing "buy" ratings, contributing to a consensus rating of "Moderate Buy."
• Domo recently reported earnings of $0.02 per share, surpassing expectations, and experienced a quarterly revenue increase of 1.7% year-over-year, with guidance indicating continued focus on growth despite a challenging market environment.

Acadian Asset Management LLC lifted its position in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,415,884 shares of the company's stock after purchasing an additional 41,194 shares during the period. Acadian Asset Management LLC owned about 3.55% of Domo worth $10,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Woodline Partners LP increased its position in shares of Domo by 3.7% during the first quarter. Woodline Partners LP now owns 617,610 shares of the company's stock worth $4,793,000 after purchasing an additional 21,926 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Domo by 22.5% during the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company's stock worth $1,340,000 after purchasing an additional 31,740 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Domo during the first quarter worth about $237,000. Panoramic Capital LLC acquired a new stake in shares of Domo during the first quarter worth about $776,000. Finally, AQR Capital Management LLC increased its position in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company's stock worth $312,000 after purchasing an additional 5,985 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Domo Price Performance

Shares of DOMO stock traded up $0.30 during midday trading on Monday, reaching $17.31. 652,342 shares of the company traded hands, compared to its average volume of 887,427. The firm's 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $11.73. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $17.88. The firm has a market cap of $696.47 million, a PE ratio of -8.92 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Domo's revenue was up 1.7% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. As a group, research analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Joshua G. James purchased 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the transaction, the chief executive officer owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. The trade was a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 15.24% of the company's stock.

Analyst Upgrades and Downgrades

DOMO has been the topic of a number of research reports. Stephens initiated coverage on Domo in a report on Friday, July 18th. They set an "overweight" rating and a $19.00 price target on the stock. DA Davidson raised their price target on Domo from $9.00 to $15.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. Lake Street Capital set a $16.00 price target on Domo and gave the stock a "hold" rating in a report on Thursday, August 28th. TD Cowen raised 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. Finally, Citigroup reissued an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

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.