2,432 Shares in LogMein, Inc. (LOGM) Purchased by Sciencast Management LP

Sciencast Management LP acquired a new position in LogMein, Inc. (NASDAQ:LOGM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,432 shares of the software maker’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its stake in LogMein by 316.8% in the second quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock valued at $104,000 after buying an additional 6,251 shares during the period. Creative Planning lifted its stake in LogMein by 0.3% in the second quarter. Creative Planning now owns 1,147 shares of the software maker’s stock valued at $120,000 after buying an additional 3 shares during the period. M&T Bank Corp acquired a new position in LogMein in the first quarter valued at approximately $202,000. Osborn Williams & Donohoe LLC acquired a new position in LogMein in the second quarter valued at approximately $203,000. Finally, American Capital Management Inc. acquired a new position in LogMein in the second quarter valued at approximately $203,000. 95.41% of the stock is currently owned by institutional investors.

LogMein, Inc. (LOGM) opened at 117.28 on Wednesday. LogMein, Inc. has a 12 month low of $86.22 and a 12 month high of $123.95. The firm’s market capitalization is $6.18 billion. The stock’s 50 day moving average price is $112.31 and its 200-day moving average price is $110.52.

LogMein (NASDAQ:LOGM) last released its earnings results on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. The company had revenue of $266.95 million during the quarter, compared to analysts’ expectations of $264.95 million. LogMein had a positive return on equity of 5.42% and a negative net margin of 0.41%. The firm’s revenue for the quarter was up 220.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities analysts anticipate that LogMein, Inc. will post $4.05 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/2432-shares-in-logmein-inc-logm-purchased-by-sciencast-management-lp.html.

Several equities analysts have issued reports on the company. Northland Securities reissued a “buy” rating on shares of LogMein in a research note on Friday, July 28th. Piper Jaffray Companies reissued an “overweight” rating and issued a $170.00 price target on shares of LogMein in a research note on Wednesday, August 9th. Zacks Investment Research lowered LogMein from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Cowen and Company reissued an “outperform” rating and issued a $134.00 price target (up from $130.00) on shares of LogMein in a research note on Sunday, July 30th. Finally, KeyCorp raised LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.85.

In other news, Director Steven J. Benson sold 3,016 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the transaction, the director now owns 1,787 shares in the company, valued at approximately $199,429.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Battles sold 721 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $117.78, for a total value of $84,919.38. Following the completion of the transaction, the insider now owns 2,036 shares of the company’s stock, valued at approximately $239,800.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,319 shares of company stock valued at $7

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its stake in LogMein by 316.8% in the second quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock valued at $104,000 after buying an additional 6,251 shares during the period. Creative Planning lifted its stake in LogMein by 0.3% in the second quarter. Creative Planning now owns 1,147 shares of the software maker’s stock valued at $120,000 after buying an additional 3 shares during the period. M&T Bank Corp acquired a new position in LogMein in the first quarter valued at approximately $202,000. Osborn Williams & Donohoe LLC acquired a new position in LogMein in the second quarter valued at approximately $203,000. Finally, American Capital Management Inc. acquired a new position in LogMein in the second quarter valued at approximately $203,000. 95.41% of the stock is currently owned by institutional investors.

LogMein, Inc. (LOGM) opened at 117.28 on Wednesday. LogMein, Inc. has a 12 month low of $86.22 and a 12 month high of $123.95. The firm’s market capitalization is $6.18 billion. The stock’s 50 day moving average price is $112.31 and its 200-day moving average price is $110.52.

LogMein (NASDAQ:LOGM) last released its earnings results on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. The company had revenue of $266.95 million during the quarter, compared to analysts’ expectations of $264.95 million. LogMein had a positive return on equity of 5.42% and a negative net margin of 0.41%. The firm’s revenue for the quarter was up 220.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities analysts anticipate that LogMein, Inc. will post $4.05 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/2432-shares-in-logmein-inc-logm-purchased-by-sciencast-management-lp.html.

Several equities analysts have issued reports on the company. Northland Securities reissued a “buy” rating on shares of LogMein in a research note on Friday, July 28th. Piper Jaffray Companies reissued an “overweight” rating and issued a $170.00 price target on shares of LogMein in a research note on Wednesday, August 9th. Zacks Investment Research lowered LogMein from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Cowen and Company reissued an “outperform” rating and issued a $134.00 price target (up from $130.00) on shares of LogMein in a research note on Sunday, July 30th. Finally, KeyCorp raised LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.85.

In other news, Director Steven J. Benson sold 3,016 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the transaction, the director now owns 1,787 shares in the company, valued at approximately $199,429.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Battles sold 721 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $117.78, for a total value of $84,919.38. Following the completion of the transaction, the insider now owns 2,036 shares of the company’s stock, valued at approximately $239,800.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,319 shares of company stock valued at $7,922,367. 2.50% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for LogMein (NASDAQ:LOGM)

Receive News & Ratings for LogMein Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMein Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply