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LogMeIn (NASDAQ:LOGM) SVP Michael J. Donahue unloaded 5,362 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $43.15, for a total value of $231,370.30. Following the completion of the transaction, the senior vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $43,150. The sale was disclosed in a legal filing with the SEC, which is available at this link.

LogMeIn (NASDAQ:LOGM) traded down 1.60% during mid-day trading on Wednesday, hitting $42.49. The stock had a trading volume of 93,588 shares. LogMeIn has a one year low of $28.92 and a one year high of $47.69. The stock’s 50-day moving average is $41.91 and its 200-day moving average is $42.. The company has a market cap of $1.046 billion and a price-to-earnings ratio of 685.40.

LogMeIn (NASDAQ:LOGM) last released its earnings data on Thursday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $52.48 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Analysts expect that LogMeIn will post $1.09 EPS for the current fiscal year.

A number of analysts have recently weighed in on LOGM shares. Analysts at RBC Capital reiterated an “outperform” rating on shares of LogMeIn in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, down previously from $55.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of LogMeIn in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, up previously from $45.00. Finally, analysts at Piper Jaffray raised their price target on shares of LogMeIn to $60.00 in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.10.

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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