Domo, Inc. $DOMO Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Domo, Inc. by 54.1%, owning approximately 0.61% of the company after selling 286,341 shares in the 1st quarter.
• Wall Street analysts are optimistic about Domo, with multiple firms upgrading their ratings and setting price targets from $16.00 to $20.00, indicating a potential for growth.
• CEO Joshua G. James increased his position by purchasing 13,025 shares at an average price of $12.74, signaling confidence in the company's prospects.

Jacobs Levy Equity Management Inc. reduced its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 54.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 243,065 shares of the company's stock after selling 286,341 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.61% of Domo worth $1,886,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DOMO. Squarepoint Ops LLC purchased a new position in Domo in the 4th quarter valued at about $127,000. MetLife Investment Management LLC grew its stake in shares of Domo by 9.5% in the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after acquiring an additional 1,681 shares in the last quarter. Rockwood Wealth Management LLC grew its stake in shares of Domo by 55.7% in the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after acquiring an additional 7,508 shares in the last quarter. Diversify Wealth Management LLC lifted its position in shares of Domo by 13.2% during the 1st 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 last quarter. Finally, Invesco Ltd. lifted its position in Domo by 116.7% in the first quarter. Invesco Ltd. now owns 23,624 shares of the company's stock valued at $183,000 after acquiring an additional 12,722 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Domo news, CEO Joshua G. James purchased 13,025 shares of the company's stock in a transaction dated Friday, June 20th. The stock was purchased at an average price 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 $13,758,843.28. The trade was a 1.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 15.24% of the company's stock.

Domo Price Performance

Shares of Domo stock opened at $15.59 on Thursday. The company has a market capitalization of $627.34 million, a price-to-earnings ratio of -8.04 and a beta of 1.80. The business has a fifty day simple moving average of $15.10 and a two-hundred day simple moving average of $11.48. Domo, Inc. has a 1 year low of $6.01 and a 1 year high of $17.88.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same period in the previous year, the firm posted ($0.07) EPS. The firm's 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, equities analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal 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.

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