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NASDAQ:SUMO

Sumo Logic - SUMO Stock Forecast, Price & News

$8.48
+0.47 (+5.87%)
(As of 12/9/2022 01:27 PM ET)
Add
Compare
Today's Range
$7.86
$8.59
50-Day Range
$6.60
$8.21
52-Week Range
$6.43
$15.85
Volume
45,952 shs
Average Volume
996,937 shs
Market Capitalization
$1.02 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.93

Sumo Logic MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
56.0% Upside
$13.07 Price Target
Short Interest
Healthy
5.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.73
Upright™ Environmental Score
News Sentiment
0.36mentions of Sumo Logic in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$708,471 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.18) to ($1.41) Per Share

Overall MarketRank

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

2.04 out of 5 stars

Computer And Technology Sector

388th out of 621 stocks

Prepackaged Software Industry

144th out of 218 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.

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SUMO Stock News Headlines

Sumo Logic Boosts Security Solutions Footprint in Japan
Sumo Logic (NASDAQ:SUMO) PT Raised to $11.00
BTIG Reaffirms Their Hold Rating on Sumo Logic (SUMO)
Why Sumo Logic Stock Is Soaring Today
Sumo Logic (NASDAQ:SUMO) Releases Q4 2023 Earnings Guidance
Sumo Logic (NASDAQ:SUMO) Issues Q4 Earnings Guidance
Sumo Logic (NASDAQ:SUMO) Releases FY 2023 Earnings Guidance
Earnings Scheduled For December 5, 2022
Bank Rate Decision Due Next Week
Sumo Logic (SUMO) to Release Earnings on Monday
See More Headlines
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SUMO Company Calendar

Last Earnings
12/05/2022
Today
12/09/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/06/2023

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
$13.07
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+52.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-123,360,000.00
Pretax Margin
-43.74%

Debt

Sales & Book Value

Annual Sales
$242.13 million
Book Value
$3.17 per share

Miscellaneous

Free Float
109,656,000
Market Cap
$1.02 billion
Optionable
Not Optionable
Beta
1.20

Key Executives

  • Mr. Ramin SayarMr. Ramin Sayar (Age 49)
    CEO, Pres & Director
    Comp: $713.53k
  • Mr. Christian BeedgenMr. Christian Beedgen (Age 49)
    Co-Founder, Chief Technology Officer & Director
    Comp: $376.4k
  • Mr. Suku Krishnaraj ChettiarMr. Suku Krishnaraj Chettiar (Age 49)
    Chief Marketing Officer
    Comp: $414.15k
  • Mr. Rick Hasselman
    VP of Fin.
  • Mr. Stewart Grierson (Age 55)
    Chief Financial Officer
  • Ms. Jennifer McCordMs. Jennifer McCord
    VP of Fin. & Chief Accounting Officer
  • Bryan Liberator
    Sr. Director of Investor Relations
  • Ms. Katherine HaarMs. Katherine Haar (Age 46)
    Gen. Counsel & Sec.
  • Mr. Aaron Feigin
    Chief Communications & Brand Officer
  • Mr. John Coyle
    Sr. VP of Corp. Devel. & Strategic Bus. Operations













SUMO Stock - Frequently Asked Questions

Should I buy or sell Sumo Logic stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sumo Logic in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

6 Wall Street research analysts have issued 1-year price objectives for Sumo Logic's stock. Their SUMO share price forecasts range from $8.00 to $21.00. On average, they anticipate the company's stock price to reach $13.07 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price.
View analysts price targets for SUMO
or view top-rated stocks among Wall Street analysts.

How have SUMO shares performed in 2022?

Sumo Logic's stock was trading at $13.56 at the beginning of the year. Since then, SUMO stock has decreased by 40.9% and is now trading at $8.01.
View the best growth stocks for 2022 here
.

When is Sumo Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our SUMO earnings forecast
.

How were Sumo Logic's earnings last quarter?

Sumo Logic, Inc. (NASDAQ:SUMO) announced its quarterly earnings results on Monday, December, 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.11. The business had revenue of $79 million for the quarter, compared to analysts' expectations of $74.20 million. Sumo Logic had a negative trailing twelve-month return on equity of 27.75% and a negative net margin of 45.31%. The business's revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.24) earnings per share.

What guidance has Sumo Logic issued on next quarter's earnings?

Sumo Logic issued an update on its fourth quarter 2023 earnings guidance on Tuesday, December, 6th. The company provided earnings per share (EPS) guidance of -$0.09--$0.08 for the period, compared to the consensus EPS estimate of -$0.17. The company issued revenue guidance of $77.00 million-$78.00 million, compared to the consensus revenue estimate of $75.39 million.

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 a price of $17.00-$21.00 per share. Morgan Stanley, JPMorgan, RBC Capital Markets and Jefferies served 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.81%), BlackRock Inc. (7.70%), Brown Advisory Inc. (2.85%), Artemis Investment Management LLP (2.74%), State Street Corp (1.82%) and Renaissance Technologies LLC (1.71%). Insiders that own company stock include Christian Beedgen, Jennifer Mccord, Katherine Haar, Mfn Partners, Lp, Ramin Sayar, Steven D Fitz, Steven D Fitz, 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 $8.01.

How much money does Sumo Logic make?

Sumo Logic (NASDAQ:SUMO) has a market capitalization of $949.56 million and generates $242.13 million in revenue each year. The company earns $-123,360,000.00 in net income (profit) each year or ($1.13) 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 12/9/2022 by MarketBeat.com Staff