Insider Selling: Logitech International SA Director Sells 104,841 Shares of Stock (LOGI)
Logitech International SA (NASDAQ:LOGI) Director Daniel Borel unloaded 104,841 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $16.37, for a total transaction of $1,716,247.17. Following the transaction, the director now directly owns 9,855,402 shares of the company’s stock, valued at approximately $161,332,931. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LOGI. Analysts at Avondale Partners upgraded shares of Logitech International SA to a “market perform” rating in a research note to investors on Wednesday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.67.
Shares of Logitech International SA (NASDAQ:LOGI) traded down 0.63% on Friday, hitting $15.76. 533,793 shares of the company’s stock traded hands. Logitech International SA has a 52-week low of $6.24 and a 52-week high of $16.46. The stock has a 50-day moving average of $13.95 and a 200-day moving average of $10.10. The company has a market cap of $2.535 billion and a price-to-earnings ratio of 83.47.
Logitech International SA (NASDAQ:LOGI) last released its earnings data on Wednesday, January 22nd. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.08. Analysts expect that Logitech International SA will post $0.46 EPS for the current fiscal year.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
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