Domo (NASDAQ:DOMO) Announces Quarterly Earnings Results

Domo (NASDAQ:DOMO) posted its quarterly earnings data on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.10, Briefing.com reports. The business had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same quarter last year, the business earned ($0.33) EPS. Domo’s revenue for the quarter was up .0% compared to the same quarter last year. Domo updated its Q2 2026 guidance to -0.070–0.030 EPS and its FY 2026 guidance to -0.260–0.180 EPS.

Domo Trading Up 26.9%

Shares of Domo stock opened at $10.85 on Friday. Domo has a twelve month low of $6.01 and a twelve month high of $11.63. The stock has a market capitalization of $433.35 million, a P/E ratio of -4.95 and a beta of 1.67. The business’s fifty day moving average price is $7.97 and its 200 day moving average price is $8.06.

Analysts Set New Price Targets

Several research firms have recently issued reports on DOMO. Cowen restated a “hold” rating on shares of Domo in a report on Thursday. Lake Street Capital restated a “hold” rating and set a $9.00 price objective (up previously from $8.50) on shares of Domo in a report on Thursday. Cantor Fitzgerald raised their price objective on Domo from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a report on Thursday. Finally, Morgan Stanley decreased their price objective on Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.67.

Insider Activity at Domo

In related news, Director Daniel David Daniel III acquired 120,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the transaction, the director now directly owns 781,400 shares of the company’s stock, valued at $5,032,216. This trade represents a 18.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Jolley sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Domo by 22.5% in the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after purchasing an additional 31,740 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Domo in the first quarter valued at about $237,000. Finally, AQR Capital Management LLC increased its position in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock worth $312,000 after acquiring an additional 5,985 shares during the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

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.