Domo Shares Surge 33% Amid AI Innovation Summit
By ATTN Desk · Editorial oversight: Sean Han
Domo, Inc. (NASDAQ: DOMO)
Introduction
Domo, Inc. is an American cloud-native software company headquartered in American Fork, Utah. Founded in 2010 by Josh James, Domo provides a business intelligence and data visualization platform that incorporates AI and data science. The platform is designed to offer user-friendly dashboards, applications, and AI-driven workflows aimed at making data accessible across an organization with minimal IT involvement.
Corporate Profile
- Headquarters: American Fork, Utah
- Founded: 2010
- IPO Date: June 29, 2018
- Employees (LinkedIn): 501–1,000
- Industry: Software Development, SaaS, Business Intelligence, Analytics, AI/ML, Cloud Computing
- Specialties:
- AI-driven data agents and workflows
- Data integration, transformation, and management
- Advanced visualization and embedded analytics
Recent Developments and News
-
May 21, 2025 – Form 8-K Filing
Domo filed a Form 8-K (Item 2.02) disclosing financial performance metrics for its fiscal quarter. Details regarding revenue, net income or loss, and operational trends are included in the SEC filing. -
May 21, 2025 – Agentic AI Innovation Summit
The summit, held virtually from 9 AM to 12 PM PDT, featured AI experts from AWS, Weather Trends International, GWC Data.AI, and Domo. Sessions focused on AI agent deployment, conversational AI, and data preparedness for AI. -
May 15, 2025 – Schedule 13G/A Amendment
This amendment indicates:- Ameriprise Financial, Inc. beneficially owns 3,451,031 shares (9.6%)
- TAM UK International Holdings Limited owns 3,432,051 shares (9.6%)
- Threadneedle Holdings Limited owns 3,432,051 shares
-
May 13, 2025 – Annual Report to Security Holders
Domo submitted its Annual Report (Form ARS), which includes fiscal 2024 results, risk factors, management discussion, and strategic initiatives. -
May 22, 2025 – Trading Session
- Closing Price: $11.40 (+33.33%)
- Volume: 1,012,312 shares on NASDAQ
Financial and Strategic Analysis
| Metric | Value |
|---|---|
| Share Price (May 22, 2025) | $11.40 |
| Price Change (May 22, 2025) | +33.33% |
| Day’s Range | $9.16 – $11.48 |
| 52-Week Range | $6.01 – $11.48 |
| Volume (May 22, 2025) | 1,012,312 |
| Average Volume (3-month) | 361,520 |
| Market Capitalization (intraday) | $458.3 M |
| Revenue (TTM) | $317.0 M |
| Net Income (TTM) | –$81.9 M |
| Profit Margin (TTM) | –25.84% |
| Return on Assets (TTM) | –17.08% |
| Price/Sales (TTM) | 1.04 |
| Beta (5-year monthly) | 1.67 |
| 1-Year Target Estimate (Yahoo) | $10.70 |
Strategic Highlights:
- AI Agents & Workflows: Tools for automated task execution and dynamic adaptation.
- Data Preparation: Tools for enriching and validating data for reliable AI interactions.
- Embedded Analytics: Integration of secure data products and conversational AI in customer applications.
- Partner Ecosystem: Partnerships with channel, technology, and app solution partners to enhance platform capabilities.
Market Position and Industry Context
- Sector: SaaS, Business Intelligence, Analytics, Cloud Computing
- Key Competitors: Tableau (Salesforce), Microsoft Power BI, Qlik, Sisense, ThoughtSpot
- Institutional Ownership: Significant stakes held by Ameriprise Financial, TAM UK International, and Threadneedle
- Volatility Indicator: Beta of 1.67 indicates higher than average price fluctuations
- Growth Drivers: Increased enterprise adoption of AI for data insights and a focus on data accessibility
tl;dr
- On May 22, 2025, DOMO shares closed at $11.40, representing a 33.33% increase on trading volume of 1.01 million shares.
- A Form 8-K filed on May 21 detailed quarterly financial results, while an annual report to security holders was submitted on May 13.
- Institutional investors, including Ameriprise, TAM UK, and Threadneedle, each hold approximately 9.6% of Class B shares.
- Domo hosted the Agentic AI Innovation Summit on May 21, which showcased no-code AI agent deployment.
- Yahoo Finance's 1-year target estimate stands at $10.70, reflecting analyst expectations for the forthcoming period.