SCHEDULE 13G: BlackRock Portfolio Management Discloses 5.2% Stake in Domo Inc. Class B Stock
Schedule 13G Filing
BlackRock Portfolio Management LLC has filed a Schedule 13G, reporting a beneficial ownership of 5.2% of Domo Inc.'s Class B Stock as of March 31, 2025.
Summary
- BlackRock Portfolio Management LLC, a Delaware-organized entity, has filed a Schedule 13G regarding its beneficial ownership in DOMO INC.
- The filing indicates that BlackRock Portfolio Management LLC beneficially owns 1,938,680 shares of DOMO INC's Class B Stock.
- This ownership represents 5.2% of the total outstanding Class B Stock.
- BlackRock Portfolio Management LLC holds sole voting power over 1,896,278 shares and sole dispositive power over 1,938,680 shares.
- The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of DOMO INC.
- Several BlackRock subsidiaries and affiliates, including BlackRock Advisors, LLC, BlackRock Fund Advisors, and BlackRock Investment Management, LLC, are involved in the beneficial ownership, with BlackRock Investment Management, LLC specifically noted as owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a factual regulatory filing reporting a passive ownership stake, with no positive or negative implications for the company's operations or financial performance directly stated.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding DOMO INC's future performance or BlackRock's future investment intentions beyond the current ownership.
Industry Context
This filing is a routine disclosure by a major institutional asset manager, BlackRock, indicating a significant passive stake in Domo Inc. It reflects BlackRock's ongoing portfolio management activities and does not inherently suggest a change in industry trends or competitive landscape for Domo Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder in Domo Inc., confirming BlackRock's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of execution for the Power of Attorney granted by BlackRock Portfolio Management LLC. |
| 03/31/2025 | Date of the event which required the filing of this Schedule 13G statement. |
| 04/15/2025 | Date the Schedule 13G statement was signed by Spencer Fleming, Managing Director of BlackRock Portfolio Management LLC. |
Keywords
BlackRock Portfolio Management LLC, Domo Inc., Class B Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Management, Equity Stake
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