Logitech International SA Director Unloads $6,256,000 in Stock (LOGI)
Logitech International SA (NASDAQ:LOGI) Director Daniel Borel unloaded 400,000 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $15.64, for a total transaction of $6,256,000.00. Following the sale, the director now directly owns 9,960,243 shares in the company, valued at approximately $155,778,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LOGI. Analysts at Goldman Sachs Group Inc. upgraded shares of Logitech International SA from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Barclays upgraded shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 7th. Finally, analysts at S&P Equity Research downgraded shares of Logitech International SA to a “sell” rating in a research note to investors on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.67.
Logitech International SA (NASDAQ:LOGI) traded up 0.58% during mid-day trading on Monday, hitting $15.55. The stock had a trading volume of 647,701 shares. Logitech International SA has a 52-week low of $6.24 and a 52-week high of $16.30. The stock has a 50-day moving average of $13.56 and a 200-day moving average of $9.92. The company has a market cap of $2.502 billion and a price-to-earnings ratio of 81.37.
Logitech International SA (NASDAQ:LOGI) last released its earnings data on Wednesday, January 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.08. Analysts expect that Logitech International SA will post $0.38 EPS for the current fiscal year.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.