Institutional Confidence Grows as Major Investor Expands Stake in Domo

A significant shift in shareholder composition is underway at cloud data platform company Domo. Recent regulatory filings reveal that Ameriprise Financial has substantially increased its holdings, positioning itself among the company's largest stakeholders. This move raises questions about whether institutional confidence can provide support for the stock ahead of impending quarterly results.

On the operational front, Domo is increasingly leveraging strategic alliances. The company recently announced a modernization initiative with Opus Inspection, the largest provider of vehicle inspection services in the United States. This collaboration, which also involves Amazon Web Services (AWS), will utilize Domo's AI and data platform to consolidate safety and emissions data.

The project aims to replace legacy, isolated databases and create a unified, real-time view across multiple jurisdictions. Technically, the solution is built on Amazon Relational Database Service (RDS) and Amazon Aurora, with Domo serving as the primary interface for reporting and operational workflows.

Ameriprise Financial Becomes a Dominant Holder

A mandatory filing released on Friday discloses that Ameriprise Financial and its subsidiaries now hold 5,571,987 shares of Class B stock. This position equates to an approximate 14.5% ownership stake. According to the documents, the shares were acquired in the ordinary course of business.

Should investors sell immediately? Or is it worth buying Domo?

Within the Ameriprise structure, significant positions are held by the CT (Lux) American Smaller Companies fund (8.6%) and the CT American Smaller Companies Fund (US) (5.0%). Such a high concentration of institutional ownership often signals a positive long-term outlook on the corporate data analytics sector.

Key Data Points

• Major Shareholder: Ameriprise Financial (14.5% stake)
• Strategic Partners: Amazon Web Services (AWS), Opus Inspection
• Next Key Date: Quarterly earnings report on March 5, 2026
• Fiscal 2026 Revenue Guidance: $312 million to $320 million

As the fiscal year progresses, market observers are focusing on Domo's transition to a usage-based contract model. The company has indicated that this shift is leading to stable attachment rates for new customers. Analysts are closely monitoring how the integration of artificial intelligence will impact revenue growth.

The upcoming fourth-quarter financial results, scheduled for release on March 5, will indicate whether the company is on track to meet its stated revenue guidance of $312 to $320 million. Management is also expected to provide a detailed outlook for the new fiscal year during the announcement.