Bracken Darrell Sells 17,820 Shares of Logitech International SA (NASDAQ:LOGI) Stock

Logitech International SA (NASDAQ:LOGI) CEO Bracken Darrell sold 17,820 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.93, for a total transaction of $765,012.60. Following the transaction, the chief executive officer now owns 749,854 shares of the company’s stock, valued at $32,191,232.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Bracken Darrell also recently made the following trade(s):

  • On Monday, December 2nd, Bracken Darrell sold 26,557 shares of Logitech International stock. The shares were sold at an average price of $43.47, for a total transaction of $1,154,432.79.
  • On Friday, November 1st, Bracken Darrell sold 26,426 shares of Logitech International stock. The shares were sold at an average price of $40.77, for a total transaction of $1,077,388.02.
  • On Monday, November 4th, Bracken Darrell sold 34,284 shares of Logitech International stock. The shares were sold at an average price of $41.51, for a total transaction of $1,423,128.84.
  • On Tuesday, October 1st, Bracken Darrell sold 37,344 shares of Logitech International stock. The shares were sold at an average price of $40.53, for a total transaction of $1,513,552.32.
  • On Thursday, October 3rd, Bracken Darrell sold 4,101 shares of Logitech International stock. The shares were sold at an average price of $39.97, for a total transaction of $163,916.97.
  • On Monday, September 16th, Bracken Darrell sold 18,656 shares of Logitech International stock. The shares were sold at an average price of $41.70, for a total transaction of $777,955.20.
  • On Wednesday, September 18th, Bracken Darrell sold 11,924 shares of Logitech International stock. The shares were sold at an average price of $41.48, for a total transaction of $494,607.52.

NASDAQ:LOGI traded down $0.04 during midday trading on Wednesday, hitting $42.92. The company had a trading volume of 113,034 shares, compared to its average volume of 200,795. Logitech International SA has a 52-week low of $29.06 and a 52-week high of $43.90. The stock’s fifty day moving average price is $41.96 and its 200-day moving average price is $40.10. The company has a market capitalization of $7.15 billion, a PE ratio of 24.67 and a beta of 1.26.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, October 21st. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Logitech International had a net margin of 9.58% and a return on equity of 26.01%. The company had revenue of $719.69 million during the quarter, compared to analyst estimates of $725.70 million. During the same period in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that Logitech International SA will post 1.85 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC grew its position in Logitech International by 205.4% in the third quarter. Millennium Management LLC now owns 82,157 shares of the technology company’s stock worth $3,347,000 after acquiring an additional 55,257 shares in the last quarter. State Street Corp grew its position in Logitech International by 27.8% in the third quarter. State Street Corp now owns 8,777 shares of the technology company’s stock worth $358,000 after acquiring an additional 1,910 shares in the last quarter. First Trust Advisors LP grew its position in Logitech International by 20.8% in the third quarter. First Trust Advisors LP now owns 63,862 shares of the technology company’s stock worth $2,602,000 after acquiring an additional 11,011 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Logitech International in the third quarter worth $487,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in Logitech International in the third quarter worth $203,000. Institutional investors own 34.88% of the company’s stock.

LOGI has been the subject of a number of recent analyst reports. DA Davidson set a $58.00 price target on shares of Logitech International and gave the company a “buy” rating in a research report on Tuesday, October 15th. BidaskClub lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Zacks Investment Research lowered shares of Logitech International from a “hold” rating to a “sell” rating and set a $44.00 price target for the company. in a research report on Monday, October 28th. ValuEngine lowered shares of Logitech International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Wedbush reiterated a “buy” rating and issued a $46.00 target price on shares of Logitech International in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.33.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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Insider Buying and Selling by Quarter for Logitech International (NASDAQ:LOGI)

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