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

A number of other institutional investors have also bought and sold shares of DOMO. Squarepoint Ops LLC bought a new stake in Domo during the fourth quarter valued at $127,000. MetLife Investment Management LLC boosted its position in Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock valued at $151,000 after acquiring an additional 1,681 shares during the last quarter. Rockwood Wealth Management LLC boosted its position in Domo by 55.7% during the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock valued at $163,000 after acquiring an additional 7,508 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Domo during the fourth quarter valued at $173,000. Finally, Diversify Wealth Management LLC boosted its position in Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after acquiring an additional 2,705 shares during the last quarter. Institutional investors own 76.64% of the company's stock.

Domo Trading Up 0.9%

NASDAQ DOMO traded up $0.15 during trading hours on Friday, hitting $17.01. The company's stock had a trading volume of 839,337 shares, compared to its average volume of 864,351. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $17.88. The company has a market capitalization of $684.40 million, a PE ratio of -8.77 and a beta of 1.80. The company's 50-day simple moving average is $15.19 and its two-hundred day simple moving average is $11.63.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $78.07 million. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted ($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. Research analysts anticipate that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joshua G. James acquired 13,025 shares of the firm's stock in a transaction on 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 purchase, the chief executive officer 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 15.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup reaffirmed an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Stephens started coverage on shares of Domo in a research report on Friday, July 18th. They set an "overweight" rating and a $19.00 price objective on the stock. JMP Securities reissued a "market outperform" rating and set a $20.00 price objective on shares of Domo in a research report on Wednesday. Lake Street Capital set a $16.00 price objective on shares of Domo and gave the stock a "hold" rating in a research report on Thursday, August 28th. Finally, Cowen raised shares of Domo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 26th. One 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 data from MarketBeat.com, Domo currently has an average rating of "Moderate Buy" and a consensus price target 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.