Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Sumo Logic (SUMO – Research Report) today. The company’s shares closed today at $7.83.
According to TipRanks, Abernethy is an analyst with an average return of -4.1% and a 36.70% success rate. Abernethy covers the Technology sector, focusing on stocks such as Autodesk, Ansys, and Splunk.
Sumo Logic has an analyst consensus of Moderate Buy, with a price target consensus of $11.25.
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The company has a one-year high of $17.80 and a one-year low of $6.57. Currently, Sumo Logic has an average volume of 973.8K.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SUMO in relation to earlier this year. Earlier this month, Chettiar Suku Krishnaraj, the CMO of SUMO sold 15,677.00 shares for a total of $134,195.12.
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Sumo Logic Inc is a software company. The company develops software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The software platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data. The solutions provided are Operations Intelligence, Security Intelligence, and Business Intelligence.
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