Portolan Capital Management Boosts Domo Inc. Stake by 142%

Institutional investor now owns over 6% of data analytics company's shares

Mar. 14, 2026 at 9:05am

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Portolan Capital Management LLC, an institutional investor, increased its stake in Domo, Inc. (NASDAQ:DOMO) by 142.3% during the third quarter, according to a recent SEC filing. The firm now owns approximately 2.7 million shares of the data analytics company, representing a 6.51% ownership stake valued at $42.5 million.

Why it matters

Domo is a cloud-based business intelligence and data analytics platform that has seen its stock price decline significantly over the past year. Portolan Capital's increased investment suggests the firm sees long-term value in Domo's technology and market position, even as the company faces headwinds.

The details

According to the 13F filing, Portolan Capital Management acquired an additional 1.6 million shares of Domo during the third quarter, bringing its total position to 2.7 million shares. This represents a 142.3% increase in the firm's stake in the company. Domo provides cloud-based tools that allow organizations to integrate, visualize and analyze data from various sources.

  • Portolan Capital Management filed its 13F report for the third quarter of 2026 on March 14, 2026.

The players

Portolan Capital Management LLC

An institutional investment firm that manages over $1 billion in assets.

Domo, Inc.

A cloud-based business intelligence and data analytics company headquartered in American Fork, Utah.

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The takeaway

Portolan Capital's increased stake in Domo suggests the firm believes the data analytics company has long-term growth potential, despite its recent stock price declines. This could signal that Domo's technology and market position remain attractive to some institutional investors.