Domo, Inc. (NASDAQ:DOMO) Sees Significant Increase in Short Interest

Domo, Inc. (NASDAQ:DOMO) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,236,852 shares, a growth of 27.7% from the November 30th total of 2,533,853 shares. Currently, 9.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,303,233 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 1,303,233 shares, the short-interest ratio is presently 2.5 days. Currently, 9.1% of the shares of the company are short sold.

Insider Buying and Selling at Domo

In other 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 value of $4,179,714.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in Domo during the 3rd quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its holdings in shares of Domo by 53.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after buying an additional 642 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Domo during the second quarter worth $42,000. FNY Investment Advisers LLC bought a new position in shares of Domo in the 2nd quarter valued at $49,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo during the 3rd quarter valued at $70,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOMO. Lake Street Capital dropped their price objective on shares of Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $22.00 price target on shares of Domo in a research report on Wednesday, December 24th. Cowen reiterated a “buy” rating on shares of Domo in a research note on Tuesday, December 2nd. TD Cowen lowered their price objective on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price objective on shares of Domo in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.43.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $8.43 on Friday. Domo has a 1 year low of $6.01 and a 1 year high of $18.49. The stock has a market capitalization of $352.37 million, a price-to-earnings ratio of -4.93 and a beta of 1.64. The company’s 50 day simple moving average is $10.93 and its 200 day simple moving average is $13.51.

Domo (NASDAQ:DOMO) last released its 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 business’s revenue was down .5% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, analysts anticipate that Domo will post -2.1 EPS for the current fiscal year.

Domo Company Profile

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.