- Edited
In my opinion no, the current one is fine and of all the things to spend time/money on this seems the least important.
To my knowledge we do not have artists on the team and paying someone else to redesign something for absolutely no reason is just a waste of time and money. Additionally design competitions suck and the project would require complete ownership of the logo which would be unfair to the artist if they're not getting paid, which as I suggested I think is a waste of money at this stage.