LogMeIn Inc (LOGM) SVP James Lok Sells 960 Shares
LogMeIn Inc (NASDAQ:LOGM) SVP James Lok sold 960 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $111.00, for a total transaction of $106,560.00. Following the completion of the transaction, the senior vice president now directly owns 2,109 shares of the company’s stock, valued at $234,099. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
James Lok also recently made the following trade(s):
- On Tuesday, May 16th, James Lok sold 640 shares of LogMeIn stock. The stock was sold at an average price of $116.05, for a total transaction of $74,272.00.
- On Tuesday, May 9th, James Lok sold 4,562 shares of LogMeIn stock. The shares were sold at an average price of $113.89, for a total transaction of $519,566.18.
LogMeIn Inc (NASDAQ:LOGM) traded down 0.45% during mid-day trading on Wednesday, hitting $110.75. 442,738 shares of the stock traded hands. The company’s market cap is $5.83 billion. LogMeIn Inc has a 12 month low of $57.14 and a 12 month high of $123.95. The company’s 50 day moving average is $109.26 and its 200 day moving average is $102.40.
LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings results on Thursday, May 4th. The software maker reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $195.74 million. LogMeIn had a net margin of 2.16% and a return on equity of 13.40%. The company’s revenue was up 152.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. On average, analysts expect that LogMeIn Inc will post $3.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Wednesday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%.
Institutional investors have recently modified their holdings of the company. Nikko Asset Management Americas Inc. bought a new position in shares of LogMeIn during the first quarter worth $105,000. Creative Planning raised its position in shares of LogMeIn by 142.9% in the first quarter. Creative Planning now owns 1,144 shares of the software maker’s stock worth $112,000 after buying an additional 673 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of LogMeIn during the fourth quarter worth $128,000. Amica Pension Fund Board of Trustees bought a new position in shares of LogMeIn during the first quarter worth $151,000. Finally, Amica Mutual Insurance Co. bought a new position in shares of LogMeIn during the first quarter worth $152,000.
Several research analysts have commented on the stock. TheStreet downgraded shares of LogMeIn from a “b-” rating to a “c” rating in a report on Monday, March 27th. Cowen and Company raised their price target on shares of LogMeIn from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of LogMeIn in a report on Friday, March 10th. Vetr downgraded shares of LogMeIn from a “hold” rating to a “sell” rating and set a $101.67 price target for the company. in a report on Wednesday, April 26th. Finally, Zacks Investment Research raised shares of LogMeIn from a “hold” rating to a “strong-buy” rating and set a $112.00 price target for the company in a report on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $115.30.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
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