Connor Clark & Lunn Investment Management Ltd. Has $449,000 Stock Holdings in Domo, Inc. $DOMO

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Domo, Inc. (NASDAQ:DOMO) by 197.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,167 shares of the company’s stock after purchasing an additional 21,361 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Domo worth $449,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AIGH Capital Management LLC increased its holdings in Domo by 78.5% during the second quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after buying an additional 589,935 shares during the last quarter. Nuveen LLC bought a new position in shares of Domo in the 1st quarter valued at about $1,248,000. Panoramic Capital LLC acquired a new position in shares of Domo during the 1st quarter worth about $776,000. Mackenzie Financial Corp raised its holdings in shares of Domo by 63.5% in the 1st quarter. Mackenzie Financial Corp now owns 124,433 shares of the company’s stock valued at $966,000 after purchasing an additional 48,316 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Domo by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock valued at $10,987,000 after purchasing an additional 41,194 shares during the period. Institutional investors and hedge funds own 76.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DOMO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Cantor Fitzgerald upped their price objective on shares of Domo from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. TD Cowen upgraded shares of Domo from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $21.00 in a research note on Tuesday, August 26th. Lake Street Capital set a $16.00 target price on shares of Domo and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, DA Davidson upped their price target 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. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Domo Stock Down 2.9%

DOMO stock opened at $10.96 on Friday. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $18.49. The business has a 50-day simple moving average of $14.24 and a 200 day simple moving average of $13.80. The company has a market cap of $451.89 million, a PE ratio of -5.65 and a beta of 1.77.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling at Domo

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

Domo 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.