Palogic Value Management L.P. Decreases Position in Domo, Inc. $DOMO

Key Points

• Palogic Value Management L.P. has decreased its position in Domo, Inc. by 17.6%, selling 60,000 shares and now owning 280,000 shares worth approximately $2.17 million.
• In related trading news, CEO Joshua G. James acquired 13,025 shares of Domo at an average cost of $12.74 per share, increasing his total ownership to over 1 million shares.
• Domo recently reported earnings that exceeded expectations, with a 0.02 EPS for the quarter, beating the consensus estimate, and a revenue increase of 1.7% year-over-year.

Palogic Value Management L.P. cut its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 280,000 shares of the company's stock after selling 60,000 shares during the period. Palogic Value Management L.P. owned 0.70% of Domo worth $2,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Domo in the 4th quarter worth approximately $127,000. MetLife Investment Management LLC boosted its holdings in Domo by 9.5% in the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after buying an additional 1,681 shares during the period. Rockwood Wealth Management LLC boosted its holdings in Domo by 55.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after buying an additional 7,508 shares during the period. Diversify Wealth Management LLC boosted its holdings in Domo by 13.2% in the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after buying an additional 2,705 shares during the period. Finally, Invesco Ltd. boosted its holdings in Domo by 116.7% in the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company's stock worth $183,000 after buying an additional 12,722 shares during the period. 76.64% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Joshua G. James acquired 13,025 shares of the company's stock in a transaction dated Friday, June 20th. The stock was bought at an average cost 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 approximately $13,758,843.28. The trade was a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.24% of the company's stock.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $15.07 on Tuesday. The firm has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $11.42. Domo, Inc. has a one year low of $6.01 and a one year high of $17.88. The company has a market cap of $606.42 million, a price-to-earnings ratio of -7.77 and a beta of 1.80.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. JMP Securities raised their price objective on shares of Domo from $16.00 to $20.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 25th. Cantor Fitzgerald raised their price objective on shares of Domo from $17.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. DA Davidson raised their price objective on shares of Domo from $9.00 to $15.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. Stephens started coverage on shares of Domo in a report on Friday, July 18th. They issued an "overweight" rating and a $19.00 price target for the company. Finally, Cowen raised 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 assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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