Rockwood Wealth Management LLC Buys 25,735 Shares of Domo, Inc. $DOMO

Key Points

• Rockwood Wealth Management LLC increased its stake in Domo, Inc. by 122.6%, purchasing an additional 25,735 shares during the second quarter.
• Domo reported a quarterly earnings per share (EPS) of $0.02, exceeding estimates and showing a 1.7% increase in revenue compared to the same quarter last year.
• Institutional investors own approximately 76.64% of Domo’s stock, indicating strong interest from major financial entities.

Rockwood Wealth Management LLC increased its holdings in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 122.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,719 shares of the company's stock after acquiring an additional 25,735 shares during the quarter. Rockwood Wealth Management LLC owned approximately 0.12% of Domo worth $653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in Domo during the fourth quarter worth about $127,000. Goldman Sachs Group Inc. raised its stake in Domo by 22.5% during the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company's stock worth $1,340,000 after acquiring an additional 31,740 shares during the period. GSA Capital Partners LLP increased its stake in shares of Domo by 60.4% in the first quarter. GSA Capital Partners LLP now owns 73,831 shares of the company's stock valued at $573,000 after purchasing an additional 27,811 shares during the period. Rhumbline Advisers increased its stake in shares of Domo by 5.0% in the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after purchasing an additional 2,369 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Domo by 7.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 273,863 shares of the company's stock valued at $2,125,000 after purchasing an additional 19,253 shares during the period. Institutional investors and hedge funds own 76.64% of the company's stock.

Domo Stock Up 0.8%

DOMO traded up $0.14 during trading on Monday, hitting $18.20. 751,714 shares of the company's stock were exchanged, compared to its average volume of 570,985. The business's 50 day moving average is $15.47 and its two-hundred day moving average is $12.01. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.49. The stock has a market cap of $750.40 million, a P/E ratio of -9.38 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. During the same quarter last year, the business posted ($0.07) EPS. 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. On average, sell-side analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on DOMO shares. TD Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating and raised their price target for the company from $13.00 to $21.00 in a research note on Tuesday, August 26th. DA Davidson increased their price objective on shares of Domo from $9.00 to $15.00 and gave the company a "hold" rating in a report on Thursday, August 28th. Stephens began coverage on shares of Domo in a report on Friday, July 18th. They issued an "overweight" rating and a $19.00 price objective for the company. Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Domo presently has a consensus rating of "Moderate Buy" and an average target price 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.