SCHEDULE: Portolan Capital Discloses 6.05% Stake in Domo

Portolan Capital Management, LLC and George McCabe have reported a 6.05% beneficial ownership stake in Domo, Inc.'s Class B Common Stock.

Summary

• Portolan Capital Management, LLC and George McCabe collectively reported beneficial ownership of 2,295,347 shares of Domo, Inc.'s Class B Common Stock.
• This ownership represents 6.05% of the outstanding Class B Common Stock.
• Portolan Capital Management, LLC, a Delaware-organized investment adviser, and George McCabe, a U.S. citizen and Manager of Portolan Capital Management, LLC, are the reporting persons.
• Both reporting persons hold sole voting power and sole dispositive power over all 2,295,347 shares.
• The shares were not acquired or held for the purpose of changing or influencing the control of Domo, Inc.

Sentiment

Score: 6

Explanation: The filing indicates a significant institutional ownership stake by Portolan Capital Management, LLC, which can be viewed as a positive signal of investor confidence, though it is a routine disclosure and does not contain new operational or financial performance data.

Positives

• A significant institutional investor, Portolan Capital Management, LLC, has disclosed a 6.05% stake, which can be viewed as a vote of confidence in Domo, Inc.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing represents a routine disclosure of a significant passive ownership stake by an institutional investment adviser, common in the financial industry for transparency regarding large holdings in publicly traded companies.

Stakeholder Impact

• Shareholders may view the disclosure of a significant institutional stake as a positive indicator of investor confidence in Domo, Inc.

Key Dates

Recommendation

The Schedule 13G filing indicates a significant beneficial ownership stake by Portolan Capital Management, LLC in Domo, Inc. While this demonstrates institutional confidence, the filing itself is a routine disclosure of passive ownership and does not contain new financial performance data or strategic announcements that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate for investors awaiting further operational or financial updates.

Keywords

Domo, Portolan Capital Management, George McCabe, Class B Common Stock, SEC filing, institutional ownership, beneficial ownership, investment adviser