BlackRock Amends DOMO Class B Stock Ownership (SC 13G/A)
Ticker: DOMO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1505952
| Field | Detail |
|---|---|
| Company | Domo, Inc. (DOMO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of DOMO, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of DOMO, INC.'s Class B Common Stock as of December 31, 2023. This filing, Amendment No. 7, shows that BlackRock continues to be a significant institutional holder, which can provide a sense of stability for investors. For current or prospective DOMO shareholders, this matters because large institutional ownership by a firm like BlackRock often signals confidence in the company's long-term prospects, though the specific change in their holding percentage isn't detailed in this excerpt.
Why It Matters
This filing confirms BlackRock's continued significant institutional investment in DOMO, INC., which can be a positive signal for investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a factor in assessing institutional confidence, but should also look for the specific percentage of ownership in the full filing to understand the magnitude of their current stake.
Key Numbers
- 7 — Amendment Number (Indicates this is the seventh amendment to BlackRock's Schedule 13G filing for DOMO, INC.)
- 257554105 — CUSIP Number (Unique identifier for DOMO, INC.'s Class B Common Stock.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- DOMO, INC. (company) — the subject company whose Class B Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 7 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in DOMO, INC. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of securities does BlackRock Inc. hold in DOMO, INC.?
BlackRock Inc. holds 'Class B Common Stock' of DOMO, INC., as stated in the 'Title of Class of Securities' section of the filing.
When was the event that triggered this SC 13G/A filing by BlackRock Inc.?
The event that required this filing occurred on 'December 31, 2023', as specified under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for DOMO, INC.'s Class B Common Stock is '257554105', as listed in the filing.
Which rule under the Securities Exchange Act of 1934 is BlackRock Inc. filing this Schedule 13G/A under?
BlackRock Inc. is filing this Schedule 13G/A under 'Rule 13d-1(b)', indicated by the 'X' in the appropriate box.
What is the accession number for this specific SEC filing?
The accession number for this filing is '0001086364-24-002263', found at the beginning of the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding DOMO, INC. (DOMO).