Domo, Inc. $DOMO Shares Acquired by Woodline Partners LP

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 raised its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 617,610 shares of the company's stock after buying an additional 21,926 shares during the period. Woodline Partners LP owned about 1.55% of Domo worth $4,793,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. RPD Fund Management LLC purchased a new position in shares of Domo in the 4th quarter valued at about $15,449,000. AIGH Capital Management LLC purchased a new position in shares of Domo in the 1st quarter valued at about $5,832,000. Nuveen LLC purchased a new position in shares of Domo in the 1st quarter valued at about $1,248,000. Panoramic Capital LLC purchased a new position in shares of Domo in the 1st quarter valued at about $776,000. Finally, Mackenzie Financial Corp increased its stake in shares of Domo by 63.5% in the 1st quarter. Mackenzie Financial Corp now owns 124,433 shares of the company's stock valued at $966,000 after purchasing an additional 48,316 shares in the last quarter. Hedge funds and other institutional investors own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

DOMO has been the subject of several recent analyst reports. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Citigroup restated an "outperform" rating on shares of Domo in a research note on Wednesday, June 25th. JMP Securities restated a "market outperform" rating and issued a $20.00 price target on shares of Domo in a research note on Wednesday, September 10th. DA Davidson lifted their price target on Domo from $9.00 to $15.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Finally, Stephens initiated coverage on Domo in a report on Friday, July 18th. They issued an "overweight" rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Domo has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James bought 13,025 shares of the stock in a transaction dated 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 directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.24% of the stock is currently owned by corporate insiders.

Domo Stock Up 1.8%

Shares of Domo stock traded up $0.30 on Monday, hitting $17.31. 652,342 shares of the company were exchanged, compared to its average volume of 887,427. The stock has a market capitalization of $713.69 million, a price-to-earnings ratio of -8.92 and a beta of 1.80. The company has a 50-day moving average price of $15.23 and a 200 day moving average price of $11.73. 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 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 company had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($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. Research analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.

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.