Invenomic Capital Management LP Sells 48,622 Shares of Domo, Inc. $DOMO

Key Points

• Invenomic Capital Management LP has reduced its stake in Domo, Inc. by 22.1%, now owning 171,853 shares valued at approximately $1,334,000.
• Several institutional investors, including Ameriprise Financial Inc. and D. E. Shaw & Co. Inc., have increased their holdings in Domo, resulting in hedge funds and institutional investors owning 76.64% of the stock.
• Domo reported $0.02 earnings per share for the last quarter, exceeding analysts' estimates and showing a 1.7% increase in revenue year-over-year.

Invenomic Capital Management LP trimmed its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,853 shares of the company's stock after selling 48,622 shares during the quarter. Invenomic Capital Management LP owned about 0.43% of Domo worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DOMO. RPD Fund Management LLC purchased a new position in Domo in the 4th quarter valued at approximately $15,449,000. AIGH Capital Management LLC purchased a new stake in shares of Domo in the first quarter valued at $5,832,000. Ameriprise Financial Inc. grew its position in shares of Domo by 9.4% in the fourth quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after purchasing an additional 282,943 shares during the period. Nuveen LLC purchased a new stake in shares of Domo in the first quarter valued at $1,248,000. Finally, Mackenzie Financial Corp grew its position in shares of Domo by 63.5% in the first quarter. Mackenzie Financial Corp now owns 124,433 shares of the company's stock valued at $966,000 after purchasing an additional 48,316 shares during the period. 76.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James purchased 13,025 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $12.74 per share, with a total value of $165,938.50. Following the completion of the purchase, the chief executive officer owned 1,079,972 shares of the company's stock, valued at $13,758,843.28. The trade was a 1.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.24% of the company's stock.

Domo Price Performance

Shares of NASDAQ:DOMO traded up $0.71 on Thursday, reaching $16.30. 311,645 shares of the company traded hands, compared to its average volume of 555,867. The company's 50 day moving average is $15.10 and its 200-day moving average is $11.48. The stock has a market capitalization of $655.83 million, a PE ratio of -8.44 and a beta of 1.80. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.88.

Domo (NASDAQ:DOMO - Get Free Report) last released its 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 business had revenue of $79.72 million during the quarter, compared to analysts' expectations of $78.07 million. Domo's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) EPS. 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 expect that Domo, Inc. will post -2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOMO. Cowen raised Domo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 26th. Stephens started coverage on Domo in a research report on Friday, July 18th. They issued an "overweight" rating and a $19.00 price objective for the company. Citigroup reiterated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. TD Cowen raised Domo from a "hold" rating to a "buy" rating and boosted their price target for the company from $13.00 to $21.00 in a research report on Tuesday, August 26th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $20.00 price target on shares of Domo in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

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.