LogMein, Inc. (NASDAQ:LOGM) SVP Lawrence M. D’angelo sold 3,377 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $111.37, for a total value of $376,096.49. Following the completion of the transaction, the senior vice president now directly owns 3,377 shares of the company’s stock, valued at approximately $376,096.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
LogMein, Inc. (LOGM) opened at 108.60 on Friday. The company’s 50-day moving average price is $112.49 and its 200 day moving average price is $103.40. LogMein, Inc. has a 52 week low of $57.81 and a 52 week high of $123.95. The company’s market cap is $5.72 billion.
LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, May 4th. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. LogMein had a positive return on equity of 5.66% and a negative net margin of 3.35%. The business had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $195.74 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 152.3% compared to the same quarter last year. On average, analysts anticipate that LogMein, Inc. will post $3.87 EPS for the current year.
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Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of LogMein by 97,044.4% in the first quarter. BlackRock Inc. now owns 5,531,400 shares of the software maker’s stock worth $539,312,000 after buying an additional 5,525,706 shares during the period. Vanguard Group Inc. boosted its stake in shares of LogMein by 112.7% in the first quarter. Vanguard Group Inc. now owns 4,446,416 shares of the software maker’s stock worth $433,525,000 after buying an additional 2,356,291 shares during the period. Victory Capital Management Inc. boosted its stake in shares of LogMein by 96,200.0% in the third quarter. Victory Capital Management Inc. now owns 1,992,447 shares of the software maker’s stock worth $180,098,000 after buying an additional 1,990,378 shares during the period. FMR LLC boosted its stake in shares of LogMein by 129.0% in the first quarter. FMR LLC now owns 2,903,102 shares of the software maker’s stock worth $283,052,000 after buying an additional 1,635,216 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in shares of LogMein during the first quarter worth approximately $141,745,000. 97.39% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target (up previously from $110.00) on shares of LogMein in a research note on Friday, May 5th. Cowen and Company increased their price target on LogMein from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research cut LogMein from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub cut LogMein from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Vetr cut LogMein from a “hold” rating to a “sell” rating and set a $101.67 target price for the company. in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.30.
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
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