Insider Selling: Logitech International SA Director Sells 95,159 Shares of Stock (LOGI)
Logitech International SA (NASDAQ:LOGI) Director Daniel Borel sold 95,159 shares of Logitech International SA stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $15.63, for a total value of $1,487,335.17. Following the completion of the transaction, the director now directly owns 9,760,243 shares of the company’s stock, valued at approximately $152,552,598. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Logitech International SA (NASDAQ:LOGI) traded up 1.54% during mid-day trading on Wednesday, hitting $15.86. 475,141 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’s 50-day moving average is $15.25 and its 200-day moving average is $11.28. The company has a market cap of $2.563 billion and a P/E ratio of 82.21. Logitech International SA also was the recipient of a large increase in short interest during the month of January. As of February 14th, there was short interest totalling 15,422,007 shares, an increase of 12.1% from the January 31st total of 13,755,464 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 910,076 shares, the days-to-cover ratio is currently 16.9 days.
Logitech International SA (NASDAQ:LOGI) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.08. On average, analysts predict that Logitech International SA will post $0.67 earnings per share for the current fiscal year.
LOGI has been the subject of a number of recent research reports. Analysts at Avondale Partners upgraded shares of Logitech International SA to a “market perform” rating in a research note on Wednesday, January 29th. Separately, analysts at Goldman Sachs upgraded shares of Logitech International SA from a “neutral” rating to a “buy” rating in a research note 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 on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Logitech International SA has an average rating of “Hold” and an average target price of $9.67.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
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