Domo, Inc. $DOMO Shares Sold by Palogic Value Management L.P.

Key Points

• Palogic Value Management L.P. reduced its holdings in Domo, Inc. by 17.6%, now owning 280,000 shares after selling 60,000 during the quarter, with a valuation of approximately $2.17 million.
• CEO Joshua G. James acquired 13,025 shares of Domo stock for around $165,938, increasing his ownership by 1.22% to a total of 1,079,972 shares.
• Research analysts have generally rated Domo with a consensus rating of "Moderate Buy", with price targets ranging from $15 to $21, highlighting optimism for the stock's performance.

Palogic Value Management L.P. lowered its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

A number of other large investors have also made changes to their positions in DOMO. Wells Fargo & Company MN boosted its stake in shares of Domo by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after acquiring an additional 4,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Domo during the fourth quarter valued at $173,000. Barclays PLC boosted its stake in shares of Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after acquiring an additional 2,962 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Domo by 21.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,104 shares of the company's stock worth $398,000 after buying an additional 10,039 shares during the period. Finally, Northern Trust Corp lifted its position in Domo by 5.8% during the fourth quarter. Northern Trust Corp now owns 327,599 shares of the company's stock worth $2,319,000 after buying an additional 17,962 shares during the period. Institutional investors and hedge funds own 76.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DOMO shares. JMP Securities increased their target price on Domo from $16.00 to $20.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 25th. Stephens started coverage on Domo in a research report on Friday, July 18th. They set an "overweight" rating and a $19.00 target price on the stock. Citigroup reiterated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Lake Street Capital set a $16.00 target price on Domo and gave the stock a "hold" rating in a research report on Thursday, August 28th. Finally, DA Davidson increased their target price on Domo from $9.00 to $15.00 and gave the stock a "hold" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Domo Trading Up 2.5%

Shares of Domo stock traded up $0.36 during trading hours on Wednesday, reaching $14.57. The stock had a trading volume of 731,672 shares, compared to its average volume of 550,411. The firm has a 50 day simple moving average of $14.96 and a two-hundred day simple moving average of $11.23. The firm has a market capitalization of $586.30 million, a price-to-earnings ratio of -7.51 and a beta of 1.80. 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 announced its 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 company had revenue of $79.72 million for the quarter, compared to analysts' expectations of $78.07 million. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. Sell-side analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

Insider Activity at Domo

In related news, CEO Joshua G. James bought 13,025 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the acquisition, the chief executive officer owned 1,079,972 shares in the company, valued at $13,758,843.28. This represents a 1.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.24% of the company's stock.

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.