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Sumo Logic Inc. (SUMO) saw an uptrend of 1.80% in the recent trading with $19.24 being its most recent. The current price level -58.51% lower than the highest price of $46.37 marked by the stock while trading over the past 52-weeks, whereas it is 16.61% higher than the lowest price of $16.50 the company dropped to over past 52-weeks. The latest news story on SUMO appeared in Simply Wall St. under the title “Could The Sumo Logic, Inc. (NASDAQ:SUMO) Ownership Structure Tell Us Something Useful?” on Mar-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -33.54% below one month high and is +16.61% above of the lowest during that time. Looking into the simple moving average, Sumo Logic Inc. (SUMO)’s stock stands at a SMA-50 of $28.62 while that of 5-day is reading $18.82.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 10 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.10 for the stock.
Sumo Logic Inc. Earnings – What Happened With SUMO
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Sumo Logic Inc. (SUMO) last released financial results for the quarter that ended 1/30/2021, posting a surprise factor of 41.70% for net revenue. During the reported three-month period, company’s sales were $54.15 billion while analysts on average were estimating the same to be $53.9 million.
SUMO – Sumo Logic Inc. Stock Earnings Estimates
The perspective of Sumo Logic Inc. (NASDAQ:SUMO)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.12 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.07.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 102.09 million. SUMO does have institutional investors; and they hold 67.50% of the stock.
Sumo Logic Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 26 new insider purchases involving 918,492 shares. On the other hand, SUMO declared 8,248,569 shares have been sold in 27 insider transactions over the past three months.
As on Dec 30, 2020, Greylock XIII GP, LLC was the top most holder in Sumo Logic Inc. (NASDAQ:SUMO) with an ownership of 18.44 million shares of the company or 17.96% of the stake worth $527.1 million. The filing also reveals Sapphire Ventures, LLC as the second largest holder in the company with a control over 6.28% of the outstanding shares. Its stake is worth $184.28 million for having 6.45 million shares in hand.
Tiger Global Management, LLC also came holding a key position in the company during the recent quarter and it now holds 5.25% of the outstanding shares. With this there are now 149 institutions which have possession in SUMO’s shares.
Currently, the stock has been recommended as Moderate Buy by 10 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.10 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Sumo Logic Inc. was 3.54 while posting a debt to equity ratio of 0.00.
Sumo Logic Inc.’s return on equity, or ROE, is -82.90%, compared to the industry average of 4.83% for Technology – Software – Infrastructure. Although this indicates that SUMO fails to use its equity well, the metric will vary significantly depending on the industry.