Investors Purchase High Volume of Domo Put Options (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO) was the recipient of some unusual options trading on Tuesday. Investors acquired 6,202 put options on the stock. This represents an increase of approximately 311% compared to the average daily volume of 1,510 put options.

Domo Stock Down 2.8%

Shares of DOMO traded down $0.19 during trading hours on Thursday, reaching $6.49. 361,840 shares of the company traded hands, compared to its average volume of 1,013,742. Domo has a 12 month low of $6.01 and a 12 month high of $18.49. The company’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $13.20. The company has a market capitalization of $271.27 million, a price-to-earnings ratio of -3.79 and a beta of 1.64.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. Domo’s quarterly 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. On average, analysts expect that Domo will post -2.1 EPS for the current year.

Hedge Funds Weigh In On Domo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Domo by 53.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after buying an additional 642 shares during the period. Franklin Resources Inc. increased its stake in shares of Domo by 3.7% during the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company’s stock valued at $332,000 after purchasing an additional 854 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Domo during the third quarter valued at approximately $25,000. Brevan Howard Capital Management LP boosted its position in shares of Domo by 3.9% in the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Domo by 26.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company’s stock worth $142,000 after buying an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

DOMO has been the topic of several analyst reports. Lake Street Capital decreased their target price on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. DA Davidson set a $10.00 price target on shares of Domo in a report on Friday, December 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $22.00 price objective on shares of Domo in a research note on Wednesday, December 24th. Wall Street Zen lowered shares of Domo from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Domo presently has an average rating of “Moderate Buy” and an average price target of $15.43.

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.