Charles Schwab Investment Management Inc. Increases Stock Position in Domo, Inc. $DOMO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Domo, Inc. by 7.6% in Q1, now owning approximately 0.69% of the company valued at $2.125 million.
• The CEO of Domo, Joshua G. James, acquired 13,025 shares recently, raising his total ownership to 1.08 million shares worth about $13.76 million.
• Domo stock is currently down 4.2%, with a market capitalization of $590.72 million, and has a 52-week trading range between $6.01 and $17.88.

Charles Schwab Investment Management Inc. raised its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,863 shares of the company's stock after buying an additional 19,253 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Domo worth $2,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers raised its stake in Domo by 5.0% in the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after buying an additional 2,369 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of 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 in the last quarter. Barclays PLC increased its position in shares of 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 in the last quarter. Wells Fargo & Company MN increased its position in shares of Domo by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock worth $125,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Rockwood Wealth Management LLC increased its position in shares of Domo by 55.7% during the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after purchasing an additional 7,508 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domo news, CEO Joshua G. James acquired 13,025 shares of the stock in a transaction on Friday, June 20th. The shares were bought at an average price of $12.74 per share, with a total value of $165,938.50. Following the acquisition, the chief executive officer owned 1,079,972 shares of the company's stock, valued at $13,758,843.28. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.24% of the company's stock.

Analysts Set New Price Targets

DOMO has been the topic of a number of research analyst reports. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Citigroup reiterated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. JMP Securities lifted their target price on Domo from $16.00 to $20.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 25th. Stephens began coverage on Domo in a report on Friday, July 18th. They set an "overweight" rating and a $19.00 price target on the stock. Finally, Cowen raised Domo from a "hold" rating to a "buy" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Domo Trading Down 0.3%

Shares of NASDAQ DOMO traded down $0.04 during midday trading on Friday, reaching $14.62. 559,823 shares of the company were exchanged, compared to its average volume of 799,543. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $17.88. The stock has a fifty day simple moving average of $15.03 and a 200 day simple moving average of $11.34. The stock has a market cap of $588.31 million, a P/E ratio of -7.54 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analysts' expectations of $78.07 million. During the same period in the prior year, the business earned ($0.07) EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. 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, analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current year.

About Domo

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.