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In this article, we analyze how these elite funds and prominent investors traded Domo Inc. Domo Inc. The all time high for this statistic is Our calculations also showed that DOMO isn't among the 30 most popular stocks among hedge funds click for Q2 rankings. In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators.
We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock.
We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind we're going to go over the key hedge fund action regarding Domo Inc.
By comparison, 21 hedge funds held shares or bullish call options in DOMO a year ago. With hedge funds' positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings significantly or already accumulated large positions. Renaissance Technologies, Collaborative Holdings Management, and Portolan Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company.
In terms of the portfolio weights assigned to each position Collaborative Holdings Management allocated the biggest weight to Domo Inc. Whetstone Capital Advisors is also relatively very bullish on the stock, earmarking Due to the fact that Domo Inc. NASDAQ:DOMO has witnessed a decline in interest from the aggregate hedge fund industry, we can see that there lies a certain "tier" of hedgies who sold off their entire stakes by the end of the second quarter.
These transactions are interesting, as total hedge fund interest dropped by 2 funds by the end of the second quarter. Let's now review hedge fund activity in other stocks - not necessarily in the same industry as Domo Inc. These stocks are Liberty Oilfield Services Inc. This group of stocks' market caps match DOMO's market cap. View table here if you experience formatting issues. As you can see these stocks had an average of Sep 02, Sep 01, Aug 31, Aug 30, Aug 27, Aug 26, Aug 25, Aug 24, Aug 23, Aug 20, Aug 19, Aug 18, Aug 17, Aug 16, Aug 13, Aug 12, Aug 11, Aug 10, Aug 09, Aug 06, Aug 05, Aug 04, Aug 03, Aug 02, Jul 30, Jul 29, Jul 28, Jul 27, Jul 26, Jul 23, Jul 22, Jul 21, Jul 20, Jul 19, Jul 16, Jul 15, Jul 14, Jul 13,
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