Cerebellum GP LLC Acquires Shares of 1,459 LogMeIn Inc (NASDAQ:LOGM)

Cerebellum GP LLC bought a new stake in LogMeIn Inc (NASDAQ:LOGM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,459 shares of the software maker’s stock, valued at approximately $117,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of LogMeIn by 2.2% during the first quarter. Bank of Montreal Can now owns 9,252 shares of the software maker’s stock valued at $741,000 after acquiring an additional 202 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of LogMeIn by 59.3% during the first quarter. Flagship Harbor Advisors LLC now owns 567 shares of the software maker’s stock valued at $45,000 after acquiring an additional 211 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of LogMeIn by 0.9% during the first quarter. Mason Street Advisors LLC now owns 27,035 shares of the software maker’s stock valued at $2,166,000 after acquiring an additional 236 shares during the last quarter. Comerica Bank boosted its stake in shares of LogMeIn by 0.7% during the first quarter. Comerica Bank now owns 34,849 shares of the software maker’s stock valued at $2,908,000 after acquiring an additional 237 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of LogMeIn by 2.8% during the fourth quarter. Stifel Financial Corp now owns 12,006 shares of the software maker’s stock valued at $872,000 after acquiring an additional 324 shares during the last quarter. 97.10% of the stock is currently owned by institutional investors.

In related news, Director Michael K. Simon sold 22,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $82.29, for a total transaction of $1,851,525.00. Following the transaction, the director now directly owns 531,864 shares in the company, valued at $43,767,088.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

A number of analysts recently commented on LOGM shares. Northland Securities reaffirmed a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Barclays set a $14.00 price objective on Vale and gave the company a “buy” rating in a research note on Friday, April 12th. BidaskClub lowered Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 12th. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. LogMeIn currently has a consensus rating of “Hold” and an average target price of $94.90.

NASDAQ LOGM traded up $0.77 during trading hours on Friday, hitting $76.18. 273,047 shares of the company’s stock were exchanged, compared to its average volume of 484,840. The stock has a 50 day simple moving average of $72.64. LogMeIn Inc has a 12-month low of $68.00 and a 12-month high of $112.20. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 3.90 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.10.

LogMeIn (NASDAQ:LOGM) last released its earnings results on Thursday, April 25th. The software maker reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.27. LogMeIn had a return on equity of 7.68% and a net margin of 2.89%. The firm had revenue of $307.70 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that LogMeIn Inc will post 3.86 EPS for the current fiscal year.

LogMeIn Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

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