LogMeIn Inc (NASDAQ:LOGM) CFO Edward K. Herdiech sold 4,036 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $80.00, for a total transaction of $322,880.00. Following the transaction, the chief financial officer now directly owns 20,572 shares of the company’s stock, valued at approximately $1,645,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
LOGM stock traded up $0.82 during midday trading on Tuesday, hitting $79.00. 38,465 shares of the stock traded hands, compared to its average volume of 836,239. The firm has a market cap of $4.04 billion, a P/E ratio of 17.34, a PEG ratio of 3.97 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day simple moving average is $69.19 and its 200-day simple moving average is $71.96. LogMeIn Inc has a 1-year low of $62.02 and a 1-year high of $96.87.
LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.03. The company had revenue of $317.20 million for the quarter, compared to analyst estimates of $316.29 million. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. On average, research analysts predict that LogMeIn Inc will post 4.08 earnings per share for the current year.
Several research analysts recently issued reports on LOGM shares. Robert W. Baird set a $85.00 target price on shares of LogMeIn and gave the stock a “hold” rating in a report on Friday, July 26th. BidaskClub raised shares of LogMeIn from a “strong sell” rating to a “sell” rating in a report on Saturday. KeyCorp reduced their target price on shares of LogMeIn from $98.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Zacks Investment Research raised shares of LogMeIn from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a report on Wednesday, July 31st. Finally, Northland Securities reissued a “buy” rating on shares of LogMeIn in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $88.20.
A number of hedge funds have recently added to or reduced their stakes in LOGM. Amundi Pioneer Asset Management Inc. grew its position in LogMeIn by 2.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 81,742 shares of the software maker’s stock valued at $6,547,000 after buying an additional 2,277 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in LogMeIn during the second quarter valued at $451,000. Diversified Trust Co grew its position in LogMeIn by 8.4% during the second quarter. Diversified Trust Co now owns 5,105 shares of the software maker’s stock valued at $376,000 after buying an additional 395 shares during the period. Oregon Public Employees Retirement Fund grew its position in LogMeIn by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 20,842 shares of the software maker’s stock valued at $1,536,000 after buying an additional 291 shares during the period. Finally, We Are One Seven LLC grew its position in LogMeIn by 6.0% during the second quarter. We Are One Seven LLC now owns 6,177 shares of the software maker’s stock valued at $455,000 after buying an additional 350 shares during the period. Institutional investors own 98.51% of the company’s stock.
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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