How to buy Sumo Logic stock

Sumo Logic, Inc. is a software—application business based in the US. Sumo Logic shares (SUMO) are listed on the NASDAQ and all prices are listed in US Dollars. Sumo Logic employs 710 staff and has a trailing 12-month revenue of around USD$181.4 million.

How to buy shares in Sumo Logic

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Sumo Logic. Find the stock by name or ticker symbol: SUMO. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Sumo Logic reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Sumo Logic, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Sumo Logic. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Sumo Logic share price

Use our graph to track the performance of SUMO stocks over time.

Sumo Logic shares at a glance

• Key figures

Information last updated 2020-10-19.

52-week range	USD$21.01 - USD$211.95
50-day moving average	USD$23.4023
200-day moving average	USD$23.4023
Wall St. target price	USD$28.29
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	N/A

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Is it a good time to buy Sumo Logic stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Sumo Logic, Inc. by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Sumo Logic price performance over time

Historical closes compared with the close of $N/A from 2020-10-16

1 week (2021-01-07)	N/A
1 month (2020-12-15)	-100.00%
3 months (2020-10-16)	-100.00%
6 months (2020-07-17)	-100.00%

1 year (2020-01-14)	N/A
2 years (2019-01-14)	N/A
3 years (2018-01-14)	N/A
5 years (2016-01-14)	N/A

Sumo Logic financials

Revenue TTM	USD$181.4 million
Gross profit TTM	USD$110.6 million
Return on assets TTM	0%
Return on equity TTM	0%
Profit margin	-54.52%
Book value	N/A
Market capitalisation	USD$2.2 billion

TTM: trailing 12 months

Shorting Sumo Logic shares

There are currently 2.4 million Sumo Logic shares held short by investors – that's known as Sumo Logic's "short interest". This figure is up from 0 last month.

There are a few different ways that this level of interest in shorting Sumo Logic shares can be evaluated.

Sumo Logic's "short interest ratio" (SIR)

Sumo Logic's "short interest ratio" (SIR) is the quantity of Sumo Logic shares currently shorted divided by the average quantity of Sumo Logic shares traded daily (recently around 3.6 million). Sumo Logic's SIR currently stands at 0.68. In other words for every 100,000 Sumo Logic shares traded daily on the market, roughly 680 shares are currently held short.

To gain some more context, you can compare Sumo Logic's short interest ratio against those of similar companies.

• Dynatrace (DT.US): 4.3
• Datadog (DDOG.US): 4.45
• Splunk (SPLK.US): 2.14
• New Relic (NEWR.US): 5.68
• Elastic N-V (ESTC.US): 7.9

However Sumo Logic's short interest can also be evaluated against the total number of Sumo Logic shares, or, against the total number of tradable Sumo Logic shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Sumo Logic's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Sumo Logic shares in existence, roughly 20 shares are currently held short) or 0.032% of the tradable shares (for every 100,000 tradable Sumo Logic shares, roughly 32 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Sumo Logic.

Find out more about how you can short Sumo Logic stock.

Sumo Logic share dividends

We're not expecting Sumo Logic to pay a dividend over the next 12 months.

Sumo Logic overview

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.

Frequently asked questions

• How many people work for Sumo Logic?

  Latest data suggests 710 work at Sumo Logic.

• When does the fiscal year end for Sumo Logic?

  Sumo Logic's fiscal year ends in January.

• Where is Sumo Logic based?

  Sumo Logic's address is: 305 Main Street, Redwood City, CA, United States, 94063