Published on 28 Jan 2023 on Simply Wall St. via Yahoo Finance
Every investor in Sumo Logic, Inc. (NASDAQ:SUMO) should be aware of the most powerful shareholder groups. With 68% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
And last week, institutional investors ended up benefitting the most after the company hit US$1.4b in market cap. The one-year return on investment is currently 5.8% and last week's gain would have been more than welcomed.
Let's take a closer look to see what the different types of shareholders can tell us about Sumo Logic.