Domo Target of Unusually Large Options Trading (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO) saw unusually large options trading activity on Monday. Investors acquired 20,132 call options on the company. This is an increase of 1,221% compared to the average volume of 1,524 call options.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Domo in a report on Tuesday, December 2nd. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research note on Sunday. Lake Street Capital dropped their target price on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Finally, DA Davidson set a $10.00 price target on shares of Domo in a report on Friday, December 5th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, Domo presently has an average rating of “Moderate Buy” and an average target price of $15.14.

Insider Activity

In related news, Director Daniel David Daniel III sold 273,900 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 15.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domo

Large investors have recently modified their holdings of the business. Capital Research Global Investors acquired a new stake in shares of Domo in the third quarter valued at about $43,560,000. Portolan Capital Management LLC grew its stake in shares of Domo by 142.3% in the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after buying an additional 1,576,884 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Domo by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock worth $10,987,000 after purchasing an additional 41,194 shares during the last quarter. AIGH Capital Management LLC raised its stake in 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 buying an additional 589,935 shares during the period. Finally, Geode Capital Management LLC raised its stake in Domo by 2.3% in the second quarter. Geode Capital Management LLC now owns 822,020 shares of the company’s stock valued at $11,486,000 after buying an additional 18,348 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Stock Performance

NASDAQ DOMO opened at $8.77 on Wednesday. Domo has a 52 week low of $6.01 and a 52 week high of $18.49. The stock’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $13.76. The stock has a market capitalization of $366.59 million, a price-to-earnings ratio of -5.13 and a beta of 1.76.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.06. The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.03 million. The firm’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. On average, equities research analysts forecast that Domo will post -2.1 EPS for the current year.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.