Palogic Value Management L.P. Decreases Stock Holdings in Domo, Inc. $DOMO

Palogic Value Management L.P. decreased its position in Domo, Inc. (NASDAQ:DOMO) by 51.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,000 shares of the company’s stock after selling 145,000 shares during the quarter. Palogic Value Management L.P.’s holdings in Domo were worth $1,886,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Domo by 53.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock valued at $26,000 after acquiring an additional 642 shares during the period. AlphaQuest LLC increased its position in shares of Domo by 707.3% in the second quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock valued at $92,000 after acquiring an additional 5,786 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Domo in the second quarter valued at about $49,000. AIGH Capital Management LLC increased its position in shares of Domo by 78.5% in the second quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock valued at $18,741,000 after acquiring an additional 589,935 shares during the period. Finally, Rockwood Wealth Management LLC increased its position in shares of Domo by 122.6% in the second quarter. Rockwood Wealth Management LLC now owns 46,719 shares of the company’s stock valued at $653,000 after acquiring an additional 25,735 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $15.26, for a total transaction of $4,179,714.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.24% of the stock is owned by insiders.

Domo Price Performance

NASDAQ:DOMO opened at $13.70 on Friday. Domo, Inc. has a one year low of $6.01 and a one year high of $18.49. The company’s 50-day simple moving average is $15.02 and its 200 day simple moving average is $13.34. The firm has a market capitalization of $564.86 million, a P/E ratio of -7.06 and a beta of 1.82.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 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 the consensus estimate of $78.07 million. During the same period in the previous year, the firm earned ($0.07) EPS. The company’s 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, equities research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cowen upgraded shares of Domo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 26th. DA Davidson lifted their target price 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Lake Street Capital set a $16.00 target price on shares of Domo and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Domo presently has a consensus rating of “Moderate Buy” and a consensus price target 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.