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NASDAQ:SUMO

Sumo Logic Stock Forecast, Price & News

$17.98
-0.30 (-1.64 %)
(As of 10/29/2020 02:56 PM ET)
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Compare
Today's Range
$17.88
Now: $17.98
$18.59
50-Day Range N/A
52-Week Range
$18.13
Now: $17.98
$28.45
Volume8,373 shs
Average Volume1.39 million shs
Market Capitalization$1.77 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. Its platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights. The company offer a suite of solutions to address areas, such as operational intelligence, security intelligence, business intelligence, and global intelligence. Sumo Logic, Inc. was founded in 2010 and is headquartered in Redwood City, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:SUMO
CUSIPN/A
CIKN/A
Phone650 810 8700
Employees710

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Market Cap$1.77 billion
Next Earnings DateN/A
OptionableNot Optionable
$17.98
-0.30 (-1.64 %)
(As of 10/29/2020 02:56 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sumo Logic (NASDAQ:SUMO) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Sumo Logic?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sumo Logic in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Sumo Logic
.

What price target have analysts set for SUMO?

8 Wall Street analysts have issued 12-month price targets for Sumo Logic's stock. Their forecasts range from $24.00 to $31.00. On average, they expect Sumo Logic's stock price to reach $28.29 in the next twelve months. This suggests a possible upside of 57.2% from the stock's current price.
View analysts' price targets for Sumo Logic
.

Who are some of Sumo Logic's key competitors?

Who are Sumo Logic's key executives?

Sumo Logic's management team includes the following people:
  • Mr. Ramin Sayar, CEO, Pres & Director (Age 47)
  • Mr. Christian Beedgen, Co-Founder, Chief Technology Officer & Director (Age 47)
  • Mr. Rick Hasselman, VP of Fin.
  • Ms. Sydney L. Carey, Chief Financial Officer (Age 55)
  • Mr. Ben Kwon, VP of Sales Strategy & Operations

When did Sumo Logic IPO?

(SUMO) raised $281 million in an initial public offering (IPO) 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."

When did Sumo Logic's quiet period expire?

Sumo Logic's quiet period expired on Tuesday, October 27th. Sumo Logic had issued 14,800,000 shares in its public offering on September 17th. The total size of the offering was $325,600,000 based on an initial share price of $22.00. During Sumo Logic's quiet period, insiders and any underwriters involved in the IPO were restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Sumo Logic's major shareholders?

Sumo Logic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (0.12%) and Emerald Mutual Fund Advisers Trust (0.11%).

Which institutional investors are buying Sumo Logic stock?

SUMO stock was purchased by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, and Emerald Mutual Fund Advisers Trust.

How do I buy shares of Sumo Logic?

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

What is Sumo Logic's stock price today?

One share of SUMO stock can currently be purchased for approximately $17.99.

How big of a company is Sumo Logic?

Sumo Logic has a market capitalization of $1.78 billion. Sumo Logic employs 710 workers across the globe.

What is Sumo Logic's official website?

The official website for Sumo Logic is www.sumologic.com.

How can I contact Sumo Logic?

Sumo Logic's mailing address is 305 MAIN STREET, REDWOOD CITY CA, 94063. The company can be reached via phone at 650 810 8700 or via email at [email protected]

This page was last updated on 10/29/2020 by MarketBeat.com Staff

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