S&P 500   3,921.78 (-0.68%)
DOW   31,895.53 (-0.65%)
QQQ   307.60 (-0.69%)
AAPL   158.48 (-0.28%)
MSFT   277.78 (+0.04%)
META   205.03 (+0.37%)
GOOGL   104.57 (-0.98%)
AMZN   97.03 (-1.70%)
TSLA   188.31 (-2.03%)
NVDA   264.30 (-2.80%)
NIO   8.88 (-4.21%)
BABA   86.51 (-0.01%)
AMD   97.14 (-3.13%)
T   18.45 (-0.05%)
F   11.37 (-0.44%)
MU   60.96 (-0.62%)
CGC   1.90 (-0.79%)
GE   91.06 (-0.58%)
DIS   93.35 (-2.59%)
AMC   4.39 (-1.79%)
PFE   40.02 (-0.40%)
PYPL   72.88 (+0.44%)
NFLX   326.51 (+1.92%)
S&P 500   3,921.78 (-0.68%)
DOW   31,895.53 (-0.65%)
QQQ   307.60 (-0.69%)
AAPL   158.48 (-0.28%)
MSFT   277.78 (+0.04%)
META   205.03 (+0.37%)
GOOGL   104.57 (-0.98%)
AMZN   97.03 (-1.70%)
TSLA   188.31 (-2.03%)
NVDA   264.30 (-2.80%)
NIO   8.88 (-4.21%)
BABA   86.51 (-0.01%)
AMD   97.14 (-3.13%)
T   18.45 (-0.05%)
F   11.37 (-0.44%)
MU   60.96 (-0.62%)
CGC   1.90 (-0.79%)
GE   91.06 (-0.58%)
DIS   93.35 (-2.59%)
AMC   4.39 (-1.79%)
PFE   40.02 (-0.40%)
PYPL   72.88 (+0.44%)
NFLX   326.51 (+1.92%)
S&P 500   3,921.78 (-0.68%)
DOW   31,895.53 (-0.65%)
QQQ   307.60 (-0.69%)
AAPL   158.48 (-0.28%)
MSFT   277.78 (+0.04%)
META   205.03 (+0.37%)
GOOGL   104.57 (-0.98%)
AMZN   97.03 (-1.70%)
TSLA   188.31 (-2.03%)
NVDA   264.30 (-2.80%)
NIO   8.88 (-4.21%)
BABA   86.51 (-0.01%)
AMD   97.14 (-3.13%)
T   18.45 (-0.05%)
F   11.37 (-0.44%)
MU   60.96 (-0.62%)
CGC   1.90 (-0.79%)
GE   91.06 (-0.58%)
DIS   93.35 (-2.59%)
AMC   4.39 (-1.79%)
PFE   40.02 (-0.40%)
PYPL   72.88 (+0.44%)
NFLX   326.51 (+1.92%)
S&P 500   3,921.78 (-0.68%)
DOW   31,895.53 (-0.65%)
QQQ   307.60 (-0.69%)
AAPL   158.48 (-0.28%)
MSFT   277.78 (+0.04%)
META   205.03 (+0.37%)
GOOGL   104.57 (-0.98%)
AMZN   97.03 (-1.70%)
TSLA   188.31 (-2.03%)
NVDA   264.30 (-2.80%)
NIO   8.88 (-4.21%)
BABA   86.51 (-0.01%)
AMD   97.14 (-3.13%)
T   18.45 (-0.05%)
F   11.37 (-0.44%)
MU   60.96 (-0.62%)
CGC   1.90 (-0.79%)
GE   91.06 (-0.58%)
DIS   93.35 (-2.59%)
AMC   4.39 (-1.79%)
PFE   40.02 (-0.40%)
PYPL   72.88 (+0.44%)
NFLX   326.51 (+1.92%)
NASDAQ:SUMO

Sumo Logic - SUMO Stock Forecast, Price & News

$11.89
-0.01 (-0.08%)
(As of 03/24/2023 11:15 AM ET)
Add
Compare
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

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
-0.67mentions of Sumo Logic in the last 14 days
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


SUMO stock logo

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.

Receive SUMO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sumo Logic and its competitors with MarketBeat's FREE daily newsletter.

SUMO Stock News Headlines

The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Sumo Logic, Inc. (NASDAQ:SUMO) CMO Sells $110,573.76 in Stock
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
See More Headlines
Receive SUMO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sumo Logic and its competitors with MarketBeat's FREE daily newsletter.

SUMO Company Calendar

Last Earnings
12/05/2021
Today
3/24/2023
Next Earnings (Estimated)
5/25/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:SUMO
Fax
N/A
Employees
943
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.80
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
-9.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$-124,820,000.00
Pretax Margin
-40.58%

Debt

Sales & Book Value

Annual Sales
$300.67 million
Book Value
$3.06 per share

Miscellaneous

Free Float
113,322,000
Market Cap
$1.46 billion
Optionable
Not Optionable
Beta
1.31

Key Executives

  • Mr. Ramin SayarMr. Ramin Sayar (Age 50)
    CEO, Pres & Director
    Comp: $713.53k
  • Mr. Christian BeedgenMr. Christian Beedgen (Age 50)
    Co-Founder, Chief Technology Officer & Director
    Comp: $376.4k
  • Mr. Stewart Grierson (Age 56)
    Chief Financial Officer
    Comp: $438.98k
  • Ms. Katherine HaarMs. Katherine Haar (Age 47)
    Gen. Counsel & Sec.
    Comp: $433.98k
  • Mr. Suku Krishnaraj ChettiarMr. Suku Krishnaraj Chettiar (Age 50)
    Chief Marketing Officer
    Comp: $414.15k
  • Ms. Lynne Doherty McDonald (Age 49)
    Pres of Worldwide Field Operations
    Comp: $209.31k
  • Mr. Rick Hasselman
    VP of Fin.
  • Ms. Jennifer McCordMs. Jennifer McCord
    Sr. VP of Fin. & Chief Accounting Officer
  • Bryan Liberator
    Sr. Director of Investor Relations
  • Mr. Aaron Feigin
    Chief Communications & Brand Officer













SUMO Stock - Frequently Asked Questions

Should I buy or sell Sumo Logic stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sumo Logic in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SUMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUMO, but not buy additional shares or sell existing shares.
View SUMO analyst ratings
or view top-rated stocks.

What is Sumo Logic's stock price forecast for 2023?

5 equities research analysts have issued 1-year price targets for Sumo Logic's shares. Their SUMO share price forecasts range from $8.00 to $13.00. On average, they predict the company's stock price to reach $10.80 in the next year. This suggests that the stock has a possible downside of 9.2%.
View analysts price targets for SUMO
or view top-rated stocks among Wall Street analysts.

How have SUMO shares performed in 2023?

Sumo Logic's stock was trading at $8.10 on January 1st, 2023. Since then, SUMO stock has increased by 46.9% and is now trading at $11.90.
View the best growth stocks for 2023 here
.

When is Sumo Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our SUMO earnings forecast
.

How were Sumo Logic's earnings last quarter?

Sumo Logic, Inc. (NASDAQ:SUMO) posted its quarterly earnings data on Sunday, December, 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. The company earned $62.02 million during the quarter, compared to the consensus estimate of $60.85 million. Sumo Logic had a negative net margin of 41.51% and a negative trailing twelve-month return on equity of 25.88%. Sumo Logic's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) EPS.

When did Sumo Logic IPO?

(SUMO) raised $281 million in an initial public offering on Thursday, September 17th 2020. The company issued 14,800,000 shares at $17.00-$21.00 per share. Morgan Stanley, JPMorgan, RBC Capital Markets and Jefferies acted as the underwriters for the IPO and William Blair, Cowen, Piper Sandler and BTIG were co-managers.

What is Sumo Logic's stock symbol?

Sumo Logic trades on the NASDAQ under the ticker symbol "SUMO."

Who are Sumo Logic's major shareholders?

Sumo Logic's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (4.22%), Legal & General Group Plc (2.15%), Millennium Management LLC (1.83%), Geode Capital Management LLC (1.76%), Renaissance Technologies LLC (1.60%) and Brown Advisory Inc. (1.56%). Insiders that own company stock include Christian Beedgen, Jennifer Mccord, Katherine Haar, Lynne Doherty Mcdonald, Mfn Partners, Lp, Ramin Sayar, Steven D Fitz, Steven D Fitz, Stewart Grierson, Suku Krishnaraj Chettiar and Sydney Carey.
View institutional ownership trends
.

How do I buy shares of Sumo Logic?

Shares of SUMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sumo Logic's stock price today?

One share of SUMO stock can currently be purchased for approximately $11.90.

How much money does Sumo Logic make?

Sumo Logic (NASDAQ:SUMO) has a market capitalization of $1.46 billion and generates $300.67 million in revenue each year. The company earns $-124,820,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis.

How many employees does Sumo Logic have?

The company employs 943 workers across the globe.

How can I contact Sumo Logic?

Sumo Logic's mailing address is 305 MAIN STREET, REDWOOD CITY CA, 94063. The official website for the company is www.sumologic.com. The company can be reached via phone at 650-810-8700 or via email at pthomas@sumologic.com.

This page (NASDAQ:SUMO) was last updated on 3/24/2023 by MarketBeat.com Staff