Domo, Inc. $DOMO Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Domo, Inc. by 0.9%, owning 5,061,553 shares worth approximately $39.28 million as of its latest SEC filing.
• CEO Joshua G. James purchased 13,025 shares of Domo stock, increasing his total ownership to 1,079,972 shares valued at around $13.76 million.
• Several analysts have upgraded Domo's stock ratings recently, with target prices now ranging from $9 to $21, reflecting a generally positive outlook on the company's performance.

Vanguard Group Inc. trimmed its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,061,553 shares of the company's stock after selling 46,298 shares during the period. Vanguard Group Inc. owned about 12.67% of Domo worth $39,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DOMO. Wells Fargo & Company MN grew its holdings in Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after purchasing an additional 4,000 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Domo in the fourth quarter valued at approximately $127,000. Rockwood Wealth Management LLC lifted its position in shares of Domo by 55.7% in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Domo in the fourth quarter valued at approximately $173,000. Finally, Diversify Wealth Management LLC lifted 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 worth $176,000 after buying an additional 2,705 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Domo

In related news, CEO Joshua G. James purchased 13,025 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was 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 owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DOMO. Lake Street Capital set a $16.00 target price on Domo and gave the company a "hold" rating in a research report on Thursday. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson boosted their target price on Domo from $9.00 to $15.00 and gave the company a "hold" rating in a report on Thursday. Cantor Fitzgerald boosted their target price on Domo from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Stephens assumed coverage on Domo in a research note on Friday, July 18th. They set an "overweight" rating and a $19.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Domo presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Domo Stock Performance

Shares of DOMO traded down $0.64 during trading hours on Friday, hitting $14.68. The stock had a trading volume of 1,555,342 shares, compared to its average volume of 789,003. The firm has a market cap of $590.72 million, a P/E ratio of -7.57 and a beta of 1.87. The company's fifty day simple moving average is $14.89 and its 200 day simple moving average is $11.16. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $17.88.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, topping 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. During the same period last year, the business posted ($0.07) earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. 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 predict that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

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.