NASDAQ:SUMO

Sumo Logic - SUMO Stock Forecast, Price & News

$11.89

-0.01 (-0.08%)

(As of 03/24/2023 11:15 AM ET)

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Today's Range: $11.87
▼
$11.91
50-Day Range: $7.47
▼
$12.18
52-Week Range: $6.43
▼
$12.60

Volume: 222,670 shs
Average Volume: 2.92 million shs
Market Capitalization: $1.46 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.80

Institutional Ownership

Sumo Logic MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 9.2% Downside
$10.80 Price Target
Short Interest: Healthy
4.36% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.73
Upright™ Environmental Score
News Sentiment: -0.67
Based on 8 Articles This Week
Insider Trading: Selling Shares
$836,981 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.02) to ($0.94) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.35 out of 5 stars

Computer And Technology Sector

573rd out of 604 stocks

Prepackaged Software Industry

197th out of 212 stocks

1.0

Analyst's Opinion

Consensus Rating
Sumo Logic has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.80, Sumo Logic has a forecasted downside of 9.2% from its current price of $11.90.
Amount of Analyst Coverage
Sumo Logic has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.36% of the float of Sumo Logic has been sold short.
Short Interest Ratio / Days to Cover
Sumo Logic has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sumo Logic has recently increased by 4.66%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Sumo Logic does not currently pay a dividend.
Dividend Growth
Sumo Logic does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sumo Logic has received a 28.54% net impact score from Upright. Sumo Logic seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Cloud security software", "Server monitoring software", and "Cloud management tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Sumo Logic is -0.73.

0.7

News and Social Media Coverage

News Sentiment
Sumo Logic has a news sentiment score of -0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.36 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Sumo Logic this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for SUMO on MarketBeat in the last 30 days. This is a decrease of -97% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Sumo Logic to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sumo Logic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $836,981.00 in company stock.
Percentage Held by Insiders
Only 7.50% of the stock of Sumo Logic is held by insiders.
Percentage Held by Institutions
71.65% of the stock of Sumo Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Sumo Logic are expected to grow in the coming year, from ($1.02) to ($0.94) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sumo Logic is -11.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sumo Logic is -11.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sumo Logic has a P/B Ratio of 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Sumo Logic (NASDAQ:SUMO) Stock

Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. It offers Continuous Intelligence Platform, a cloud-native, multi-tenant, and secure service that leverages to enable reliability and security of cloud applications and workloads. The company also provides observability solution, an out-of-the-box solution for managing their application reliability for cloud applications; and security solution that helps developers, security analysts, and security operation centers that detect threats, perform security analysis and forensics, and automate security responses to remediate against those threats for cloud applications. The company was incorporated in 2010 and is headquartered in Redwood City, California.

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SUMO Stock News Headlines

March 23, 2023 | marketwatch.com

Global User Activity Monitoring (UAM) Market 2023-2030 | Booming in Near Future | Latest Research Report

March 20, 2023 | marketwatch.com

Global Cloud Native SIEM Market (2023-2029)-Current Status and Future Prospects

March 24, 2023 | Investor Place Media (Ad)

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