NASDAQ:SUMO Sumo Logic - SUMO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Sumo Logic, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $11.89 -0.01 (-0.08%) (As of 03/24/2023 11:15 AM ET) Add Compare Share Share Today's Range$11.87▼$11.9150-Day Range$7.47▼$12.1852-Week Range$6.43▼$12.60Volume222,670 shsAverage Volume2.92 million shsMarket Capitalization$1.46 billionP/E RatioN/ADividend YieldN/APrice Target$10.80 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Sumo Logic MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside9.2% Downside$10.80 Price TargetShort InterestHealthy4.36% of Float Sold ShortDividend StrengthN/ASustainability-0.73Upright™ Environmental ScoreNews Sentiment-0.67Based on 8 Articles This WeekInsider TradingSelling Shares$836,981 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.02) to ($0.94) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector573rd out of 604 stocksPrepackaged Software Industry197th out of 212 stocks 1.0 Analyst's Opinion Consensus RatingSumo 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/DownsideAccording 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 CoverageSumo Logic has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.36% of the float of Sumo Logic has been sold short.Short Interest Ratio / Days to CoverSumo 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 monthShort interest in Sumo Logic has recently increased by 4.66%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldSumo Logic does not currently pay a dividend.Dividend GrowthSumo Logic does not have a long track record of dividend growth. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSumo 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 SustainabilityThe Environmental Impact score for Sumo Logic is -0.73. Previous Next 0.7 News and Social Media Coverage News SentimentSumo 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 WeekMarketBeat has tracked 8 news articles for Sumo Logic this week, compared to 3 articles on an average week.Search InterestOnly 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 FollowsOnly 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. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 7.50% of the stock of Sumo Logic is held by insiders.Percentage Held by Institutions71.65% of the stock of Sumo Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioSumo 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. Previous Next See Top Rated MarketRank™ Stocks Here About Sumo Logic (NASDAQ:SUMO) StockSumo 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.Read More 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. Email Address SUMO Stock News HeadlinesMarch 23, 2023 | marketwatch.comGlobal User Activity Monitoring (UAM) Market 2023-2030 | Booming in Near Future | Latest Research ReportMarch 20, 2023 | marketwatch.comGlobal Cloud Native SIEM Market (2023-2029)-Current Status and Future ProspectsMarch 24, 2023 | Investor Place Media (Ad)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...March 19, 2023 | americanbankingnews.comInsider Selling: Sumo Logic, Inc. (NASDAQ:SUMO) Insider Sells $116,067.52 in StockMarch 18, 2023 | americanbankingnews.comJennifer Mccord Sells 5,121 Shares of Sumo Logic, Inc. (NASDAQ:SUMO) StockMarch 18, 2023 | americanbankingnews.comSumo Logic, Inc. (NASDAQ:SUMO) CMO Sells $110,573.76 in StockMarch 18, 2023 | americanbankingnews.comChristian Beedgen Sells 6,961 Shares of Sumo Logic, Inc. (NASDAQ:SUMO) StockMarch 18, 2023 | americanbankingnews.comInsider Selling: Sumo Logic, Inc. (NASDAQ:SUMO) General Counsel Sells 6,813 Shares of StockMarch 24, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf 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. March 18, 2023 | americanbankingnews.comStewart Grierson Sells 10,842 Shares of Sumo Logic, Inc. (NASDAQ:SUMO) StockMarch 14, 2023 | finance.yahoo.comCloudflare Integrates with Atlassian, Microsoft, and Sumo Logic to Make Zero Trust Security Easy for BusinessesMarch 10, 2023 | msn.comSumo Logic falls amid SVB Financial fallout as Sumo has loan with bankFebruary 24, 2023 | finance.yahoo.comIs Sumo Logic, Inc. (NASDAQ:SUMO) Trading At A 35% Discount?February 21, 2023 | benzinga.comMoore Kuehn Encourages TA, ARGO, FMIA, and SUMO Investors to Contact Law FirmFebruary 16, 2023 | marketwatch.comA Closer Look at the Cloud Native SIEM Market (2023 to 2029)-Opportunities and ChallengesFebruary 11, 2023 | marketwatch.comFrancisco Partners to Buy Sumo Logic in $1.7 Billion Deal >SUMOFebruary 11, 2023 | finanznachrichten.deSumo Logic, Inc.: Sumo Logic to be Acquired by Francisco Partners for $1.7 BillionFebruary 11, 2023 | msn.comSumo Logic confirms deal to be sold to Francisco Partners for $1.7BFebruary 10, 2023 | msn.comWhile wider tech industry is hurting, analytics companies fatten upFebruary 9, 2023 | benzinga.comSHAREHOLDER ALERT: Weiss Law Investigates Sumo Logic, Inc.February 9, 2023 | benzinga.comShareholder Alert: Ademi LLP investigates whether Sumo Logic Inc. has obtained a Fair Price in its transaction with Francisco PartnersFebruary 9, 2023 | wsj.comSHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Sumo Logic, Inc. BuyoutFebruary 9, 2023 | benzinga.comSUMO Alert: Monsey Law Firm of Wohl & Fruchter LLP Investigating Sale of Sumo Logic to Francisco PartnersFebruary 9, 2023 | benzinga.comSUMO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sumo Logic, Inc. Is Fair to ShareholdersFebruary 9, 2023 | finance.yahoo.comSumo Logic to be Acquired by Francisco Partners for $1.7 BillionFebruary 9, 2023 | finance.yahoo.comSumo Logic confirms buyout deal, but stock falls as bid was below previous session’s closeFebruary 9, 2023 | msn.comSumo Logic Could be Snapped Up in a $1.7 Billion DealSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address SUMO Company Calendar Last Earnings12/05/2021Today3/24/2023Next Earnings (Estimated)5/25/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:SUMO CUSIPN/A CIK1643269 Webwww.sumologic.com Phone650-810-8700FaxN/AEmployees943Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.06) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-124,820,000.00 Net Margins-41.51% Pretax Margin-40.58% Return on Equity-25.88% Return on Assets-17.13% Debt Debt-to-Equity RatioN/A Current Ratio2.00 Quick Ratio2.00 Sales & Book Value Annual Sales$300.67 million Price / Sales4.85 Cash FlowN/A Price / Cash FlowN/A Book Value$3.06 per share Price / Book3.89Miscellaneous Outstanding Shares122,510,000Free Float113,322,000Market Cap$1.46 billion OptionableNot Optionable Beta1.31 Key ExecutivesMr. Ramin Sayar (Age 50)CEO, Pres & Director Comp: $713.53kMr. Christian Beedgen (Age 50)Co-Founder, Chief Technology Officer & Director Comp: $376.4kMr. Stewart Grierson (Age 56)Chief Financial Officer Comp: $438.98kMs. Katherine Haar (Age 47)Gen. Counsel & Sec. Comp: $433.98kMr. Suku Krishnaraj Chettiar (Age 50)Chief Marketing Officer Comp: $414.15kMs. Lynne Doherty McDonald (Age 49)Pres of Worldwide Field Operations Comp: $209.31kMr. Rick HasselmanVP of Fin.Ms. Jennifer McCordSr. VP of Fin. & Chief Accounting OfficerBryan LiberatorSr. Director of Investor RelationsMr. Aaron FeiginChief Communications & Brand OfficerMore ExecutivesKey CompetitorsPDF SolutionsNASDAQ:PDFSSolarWindsNYSE:SWIAvidXchangeNASDAQ:AVDXKingsoft CloudNASDAQ:KCSemrushNASDAQ:SEMRView All CompetitorsInsiders & InstitutionsETF Managers Group LLCSold 5,401 shares on 3/23/2023Ownership: 0.495%Christian BeedgenSold 6,961 sharesTotal: $82,418.24 ($11.84/share)Ramin SayarSold 21,812 sharesTotal: $258,254.08 ($11.84/share)Lynne Doherty McdonaldSold 9,803 sharesTotal: $116,067.52 ($11.84/share)Stewart GriersonSold 10,842 sharesTotal: $128,369.28 ($11.84/share)View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Sumo Logic's stock? ETFs with the largest weight of Sumo Logic (NASDAQ:SUMO) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), First Trust Merger Arbitrage ETF (MARB), IQ Merger Arbitrage ETF (MNA), WisdomTree Cloud Computing Fund (WCLD), ProShares Big Data Refiners ETF (DAT), Fidelity Cloud Computing ETF (FCLD), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and SPDR S&P Software & Services ETF (XSW). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.