Sumo Logic, Inc. (NASDAQ:SUMO – Get Rating) CFO Stewart Grierson sold 10,842 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $11.84, for a total value of $128,369.28. Following the sale, the chief financial officer now owns 413,678 shares in the company, valued at approximately $4,897,947.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sumo Logic Trading Down 0.2 %
Shares of Sumo Logic stock opened at $11.88 on Friday. The business’s fifty day moving average price is $10.98 and its 200 day moving average price is $8.87. Sumo Logic, Inc. has a twelve month low of $6.43 and a twelve month high of $12.60.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in Sumo Logic by 8.8% in the fourth quarter. Jane Street Group LLC now owns 63,268 shares of the company’s stock valued at $512,000 after purchasing an additional 5,105 shares during the period. B. Riley Asset Management LLC raised its position in Sumo Logic by 35.4% in the fourth quarter. B. Riley Asset Management LLC now owns 1,196,851 shares of the company’s stock valued at $9,694,000 after purchasing an additional 312,637 shares during the period. State of Wisconsin Investment Board raised its position in Sumo Logic by 4.8% in the fourth quarter. State of Wisconsin Investment Board now owns 106,586 shares of the company’s stock valued at $863,000 after purchasing an additional 4,918 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Sumo Logic in the fourth quarter valued at about $213,000. Finally, Schonfeld Strategic Advisors LLC raised its position in Sumo Logic by 16.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 12,643 shares of the company’s stock valued at $102,000 after purchasing an additional 1,822 shares during the period. 71.65% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
About Sumo Logic
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 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.
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