Jacobs Levy Equity Management Inc. Reduces Position in Domo, Inc. $DOMO

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. decreased its position in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 54.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 243,065 shares of the company's stock after selling 286,341 shares during the quarter. 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 modified their holdings of DOMO. Price T Rowe Associates Inc. MD lifted its stake in shares of Domo by 21.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,104 shares of the company's stock valued at $398,000 after buying an additional 10,039 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Domo by 5.8% during the 4th quarter. Northern Trust Corp now owns 327,599 shares of the company's stock valued at $2,319,000 after buying an additional 17,962 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after buying an additional 282,943 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Domo by 14.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 284,202 shares of the company's stock valued at $2,012,000 after buying an additional 36,741 shares in the last quarter. Finally, Occudo Quantitative Strategies LP lifted its stake in shares of Domo by 74.9% during the 4th quarter. Occudo Quantitative Strategies LP now owns 47,508 shares of the company's stock valued at $336,000 after buying an additional 20,339 shares in the last quarter. Hedge funds and other institutional investors own 76.64% of the company's stock.

Insider Buying and Selling at Domo

In other Domo news, CEO Joshua G. James bought 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 15.24% of the stock is currently owned by company insiders.

Domo Price Performance

Shares of Domo stock traded down $0.44 during trading hours on Tuesday, reaching $16.87. The company's stock had a trading volume of 590,147 shares, compared to its average volume of 898,530. The firm has a 50 day moving average price of $15.27 and a 200-day moving average price of $11.76. Domo, Inc. has a one year low of $6.01 and a one year high of $17.88. The stock has a market cap of $695.55 million, a P/E ratio of -8.70 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald lifted their target price 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. TD Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating and lifted their price target for the company 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 target on shares of Domo in a report on Wednesday, September 10th. Lake Street Capital set a $16.00 price target on shares of Domo and gave the company a "hold" rating in a report on Thursday, August 28th. Finally, Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating in a report on Tuesday, August 26th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Domo Company 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.