LogMeIn Inc (NASDAQ:LOGM) SVP Lawrence M. D’angelo sold 3,527 shares of LogMeIn stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $110.75, for a total transaction of $390,615.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
LOGM opened at $109.40 on Friday. LogMeIn Inc has a fifty-two week low of $103.00 and a fifty-two week high of $134.80. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39.
LogMeIn (NASDAQ:LOGM) last posted its earnings results on Thursday, April 26th. The software maker reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.03. LogMeIn had a net margin of 13.67% and a return on equity of 6.31%. The firm had revenue of $280.30 million for the quarter, compared to analyst estimates of $277.43 million. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. equities analysts predict that LogMeIn Inc will post 4.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Wednesday, May 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, May 8th. LogMeIn’s payout ratio is 35.82%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. grew its holdings in LogMeIn by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 4,557 shares of the software maker’s stock worth $522,000 after acquiring an additional 417 shares during the last quarter. Natixis Advisors L.P. grew its holdings in LogMeIn by 2.1% during the 1st quarter. Natixis Advisors L.P. now owns 23,714 shares of the software maker’s stock worth $2,740,000 after acquiring an additional 479 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in LogMeIn by 4.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 11,956 shares of the software maker’s stock worth $1,382,000 after acquiring an additional 480 shares during the last quarter. Brinker Capital Inc. grew its holdings in LogMeIn by 5.2% during the 1st quarter. Brinker Capital Inc. now owns 10,382 shares of the software maker’s stock worth $1,200,000 after acquiring an additional 517 shares during the last quarter. Finally, Ranger Investment Management L.P. grew its holdings in LogMeIn by 20.3% during the 4th quarter. Ranger Investment Management L.P. now owns 3,080 shares of the software maker’s stock worth $353,000 after acquiring an additional 520 shares during the last quarter. 99.84% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on LOGM. ValuEngine lowered shares of LogMeIn from a “hold” rating to a “sell” rating in a report on Friday, April 27th. BidaskClub raised shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. TheStreet lowered shares of LogMeIn from a “b” rating to a “c+” rating in a report on Thursday, April 26th. Barclays decreased their price target on shares of LogMeIn from $142.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, April 27th. Finally, Mizuho began coverage on shares of LogMeIn in a report on Monday, April 2nd. They set a “buy” rating and a $145.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $142.56.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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