Woodline Partners LP Boosts Position in Domo, Inc. $DOMO

Key Points

• Woodline Partners LP increased its stake in Domo, Inc. by 3.7%, holding approximately 1.55% of the company with shares valued at $4.79 million as of the end of the first quarter.
• Several institutional investors have also acquired new positions in Domo, leading to a total of 76.64% of the company's stock now held by institutional investors.
• Domo reported earnings of $0.02 EPS for the last quarter, surpassing analysts' expectations, and set guidance for fiscal year 2026 indicating anticipated losses per share.

Woodline Partners LP boosted its holdings in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 617,610 shares of the company's stock after buying an additional 21,926 shares during the quarter. Woodline Partners LP owned 1.55% of Domo worth $4,793,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rockwood Wealth Management LLC increased its holdings in shares of Domo by 55.7% during the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock valued at $163,000 after purchasing an additional 7,508 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Domo during the 4th quarter valued at approximately $127,000. Connective Capital Management LLC purchased a new position in shares of Domo during the 4th quarter valued at approximately $315,000. GSA Capital Partners LLP increased its holdings in shares of Domo by 60.4% during the 1st 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 in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Domo by 5.0% during the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after purchasing an additional 2,369 shares in the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domo

In other Domo news, CEO Joshua G. James bought 13,025 shares of the stock in a transaction on Friday, June 20th. The shares were bought at an average price of $12.74 per share, with a total value of $165,938.50. Following the purchase, the chief executive officer directly owned 1,079,972 shares in the company, valued at $13,758,843.28. This trade represents a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.24% of the stock is currently owned by company insiders.

Domo Trading Up 2.6%

DOMO traded up $0.45 on Thursday, hitting $17.60. 122,799 shares of the company's stock were exchanged, compared to its average volume of 560,500. Domo, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.88. The firm has a 50-day moving average price of $15.31 and a 200-day moving average price of $11.80. The stock has a market cap of $725.81 million, a price-to-earnings ratio of -9.00 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same period last year, the firm earned ($0.07) EPS. The company's revenue for the quarter 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. On average, equities analysts predict that Domo, Inc. will post -2.1 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reaffirmed an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 target price on shares of Domo in a report on Wednesday, September 10th. Cantor Fitzgerald lifted their price target on shares of Domo from $17.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Cowen raised shares of Domo from a "hold" rating to a "buy" rating in a research note on Tuesday, August 26th. Finally, DA Davidson lifted their price target on shares of Domo from $9.00 to $15.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. One equities 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. Based on data from MarketBeat, Domo currently has an average rating of "Moderate Buy" and an average target price of $17.00.

Domo 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.