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Wednesday, February 1, 2023

There’s No Need To Panic Or Freeze When It Comes To Sumo Logic Inc. (NASDAQ: SUMO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Sumo Logic Inc. (SUMO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.17, or -2.25%, to $7.40. The Sumo Logic Inc. has recorded 33,159 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sumo Logic Announces Upcoming Conference Participation.


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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $7.57 and fluctuated between $7.76 as its day high and $7.37 as its day low. The current market capitalization of Sumo Logic Inc. is $912.19M. A total of 0.84 million shares were traded on the day, compared to an average of 967.08K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SUMO has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 41,039 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 37 SELLs from insiders. Insiders purchased 1,118,596 shares during that period but sold 702,949.

In the most recent transaction, McCord Jennifer sold 4,989 shares of SUMO for 8.30 per share on Dec 15. After the transaction, the Chief Accounting Officer now owns 194,995 company shares. In a previous transaction on Dec 15, Chettiar Suku Krishnaraj sold 45,554 shares at 8.30 per share. SUMO shares that Chief Marketing Officer owns now total 315,305.

Among the insiders who sold shares, Beedgen Christian disposed of 11,339 shares on Dec 15 at a per-share price of $8.30. This resulted in the Director holding 2,235,184 shares of SUMO after the transaction. In another insider transaction, Grierson Stewart sold 55,480 shares at $8.30 per share on Dec 15. Company shares held by the Chief Financial Officer now total 424,520.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SUMO in the last 3 months, the mean price target is $12.06 with high estimates of $19.00 and low estimates of $8.50. In terms of 52-week highs and lows, SUMO has a high of $12.89 and a low of $6.43.

As of this writing, SUMO has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.13 in the last quarter, which was 23.50% higher than expectations of -$0.17.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SUMO is Hold with a score of 3.86. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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