SCHEDULE 13G/A: Ameriprise Financial and Affiliates Disclose Significant Passive Stake in Domo, Inc.

Ameriprise Financial, Inc. and its affiliated entities have filed an amended Schedule 13G, reporting a collective beneficial ownership of 9.6% of Domo, Inc.'s Class B Common Stock as of March 31, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) and its various subsidiaries, collectively referred to as the 'Ameriprise Entities,' have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Domo, Inc.
• As of March 31, 2025, Ameriprise Financial, Inc. beneficially owns an aggregate of 3,451,031 shares of Domo, Inc.'s Class B Common Stock, representing 9.6% of the class.
• Several Threadneedle entities, including TAM UK International Holdings Limited, Threadneedle Holdings Limited, and Threadneedle Asset Management Limited, which are subsidiaries of Ameriprise, collectively report beneficial ownership of 3,432,051 shares, also representing 9.6% of the class.
• Threadneedle Management Luxembourg S.A., another Ameriprise affiliate, also reports beneficial ownership of 3,432,051 shares, or 9.6% of the class, with sole voting power over these shares.
• CT (Lux) American Smaller Companies, a sub-fund of Columbia Threadneedle (Lux) I SICAV, specifically holds 1,982,161 shares, which constitutes 5.5% of Domo, Inc.'s Class B Common Stock.
• The filing indicates that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Domo, Inc.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a 13G filing is primarily informational and passive, the disclosure of a significant stake by a reputable financial institution like Ameriprise Financial can be viewed as a vote of confidence in Domo, Inc., potentially attracting further investor interest.

Positives

• The significant stake held by a major financial institution like Ameriprise Financial and its affiliates may signal institutional confidence in Domo, Inc.'s long-term prospects.
• Increased institutional ownership can contribute to market liquidity and stability for the stock.

Future Outlook

This filing is a disclosure of beneficial ownership by a passive investor group and does not contain forward-looking statements or guidance from Domo, Inc. or the reporting persons regarding the issuer's future performance.

Industry Context

This filing reflects a routine disclosure of a significant passive investment by a large asset manager in a technology company. Such institutional holdings are common across the industry as part of diversified investment strategies, indicating ongoing portfolio adjustments and long-term positions in publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may provide a sense of stability and confidence, potentially influencing investor sentiment positively.

Key Dates

Keywords

Domo Inc., Ameriprise Financial, Institutional Ownership, Schedule 13G, Beneficial Ownership, Class B Common Stock, Investment Management, SEC Filing