LogMeIn SVP Lawrence D’angelo Sells 4,523 Shares (LOGM)
LogMeIn (NASDAQ:LOGM) SVP Lawrence D’angelo sold 4,523 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $30.84, for a total value of $139,489.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LOGM shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $25.00 to $29.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $57.00 to $70.00 in a research note to investors on Friday, July 26th. They now have an “equal weight” rating on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of LogMeIn (NASDAQ:LOGM) from $31.00 to $36.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. LogMeIn currently has an average rating of “Buy” and an average target price of $33.60.
LogMeIn (NASDAQ:LOGM) traded up 0.73% during mid-day trading on Tuesday, hitting $31.85. 168,290 shares of the company’s stock traded hands. LogMeIn has a 52-week low of $16.12 and a 52-week high of $31.74. The stock’s 50-day moving average is $29.76 and its 200-day moving average is $24.02. The company’s market cap is $772.9 million.
LogMeIn (NASDAQ:LOGM) last released its earnings data on Thursday, July 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $40.70 million for the quarter, compared to the consensus estimate of $39.33 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts predict that LogMeIn will post $0.51 earnings per share for the current fiscal year.
LogMeIn, Inc (NASDAQ:LOGM) provides essential cloud-based collaboration, information technology (IT) management and customer service offerings aimed at addressing the evolving multi-device, security, management and accessibility requirements of the new mobile workplace.
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