Insider Selling: Edward K. Herdiech Unloads 5,000 Shares of LogMeIn Stock (LOGM)
LogMeIn (NASDAQ:LOGM) SVP Edward K. Herdiech sold 5,000 shares of LogMeIn stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.69, for a total transaction of $198,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of LogMeIn (NASDAQ:LOGM) traded up 2.03% on Thursday, hitting $41.20. The stock had a trading volume of 274,284 shares. LogMeIn has a one year low of $16.74 and a one year high of $42.74. The stock’s 50-day moving average is $33.74 and its 200-day moving average is $31.95. The company’s market cap is $996.8 million.
LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $43.99 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that LogMeIn will post $0.92 EPS for the current fiscal year.
LOGM has been the subject of a number of recent research reports. Analysts at Dougherty & Co raised their price target on shares of LogMeIn from $39.00 to $43.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of LogMeIn from $34.00 to $39.00 in a research note on Friday, February 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Needham & Company upgraded shares of LogMeIn from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. They now have a $48.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. LogMeIn presently has an average rating of “Buy” and an average price target of $35.44.
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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