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Domo, Inc. (NASDAQ:DOMO), a software company with a market capitalization of $313 million and currently showing a Fair financial health score according to InvestingPro, announced the election of Ryan Wright and David Jolley as directors, effective March 6 and March 7, 2025, respectively. The appointments were confirmed via written consent from the company’s stockholders. Jolley also resigned from his employee position at Domo effective March 7. Both directors will participate in Domo’s outside director compensation policy, with Jolley not receiving an initial equity grant. They will also enter into standard indemnification agreements with the company.
The election of Wright and Jolley was made by holders of Domo’s Class A and Class B common stock, who approved the resolutions by written consent. The company, which has seen its stock price fluctuate between $6.11 and $10.31 over the past 52 weeks, provided written notice of these changes to its stockholders on Tuesday, in accordance with Delaware law. Domo’s recent 8-K filing with the SEC contains no disclosed familial relationships or transactions requiring disclosure under SEC regulations between the new directors and other Domo officers or directors.
The company’s outside director compensation policy, as well as other details related to the elections, can be found in Domo’s definitive proxy statement filed with the SEC on April 30, 2024. The information regarding the appointment of the new directors and the submission of matters to a vote of security holders is based on a press release statement. For deeper insights into Domo’s governance structure and comprehensive financial analysis, investors can access detailed Pro Research Reports on InvestingPro.
In other recent news, Domo Inc . reported its fourth-quarter fiscal year 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.05, compared to the forecasted -$0.17. The company also exceeded revenue expectations, reporting $78.8 million against the projected $78.06 million. Cantor Fitzgerald analysts maintained an Overweight rating on Domo, citing the company’s strong finish to the fiscal year and a significant increase in subscription Remaining Performance Obligations (RPO) by 14% year-over-year, reaching over $400 million. However, DA Davidson initiated coverage with a Neutral rating, lowering their price target to $8.00 due to concerns about revenue deceleration and declining growth guidance. JMP Securities maintained a Market Outperform rating with a $16.00 price target, highlighting Domo’s successful execution of strategic initiatives and operational improvements. The company reported its highest adjusted free cash flow in history, and partnerships with major cloud data warehouses are reportedly driving higher lead conversion rates. Domo’s shift towards a consumption-based pricing model and increased investment in AI services are key strategic moves noted in the company’s performance.
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