LogMeIn Inc (NASDAQ:LOGM) CMO W. Sean Ford sold 2,777 shares of the firm’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $108.56, for a total transaction of $301,471.12. Following the completion of the sale, the chief marketing officer now owns 5,637 shares in the company, valued at $611,952.72. The transaction was disclosed in a document filed with the SEC, which is available at this link.
W. Sean Ford also recently made the following trade(s):
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On Tuesday, May 22nd, W. Sean Ford sold 2,160 shares of LogMeIn stock. The stock was sold at an average price of $110.79, for a total transaction of $239,306.40. On Tuesday, May 1st, W. Sean Ford sold 8,750 shares of LogMeIn stock. The stock was sold at an average price of $110.03, for a total transaction of $962,762.50.
LogMeIn stock traded up $0.10 during mid-day trading on Friday, hitting $108.00. 43,946 shares of the stock were exchanged, compared to its average volume of 452,834. LogMeIn Inc has a 12 month low of $103.00 and a 12 month high of $134.80. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 1.51 and a beta of 1.39.
LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, April 26th. The software maker reported $1.21 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $277.43 million. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. equities research analysts expect that LogMeIn Inc will post 4.15 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date was Tuesday, May 8th. This represents a $1.20 annualized dividend and a yield of 1.11%. LogMeIn’s payout ratio is 35.82%.
Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its holdings in LogMeIn by 77.5% during the 1st quarter. Assetmark Inc. now owns 1,436 shares of the software maker’s stock worth $166,000 after purchasing an additional 627 shares during the last quarter. Bray Capital Advisors bought a new position in LogMeIn during the 4th quarter worth approximately $204,000. C M Bidwell & Associates Ltd. bought a new position in LogMeIn during the 4th quarter worth approximately $206,000. Jefferies Group LLC bought a new position in LogMeIn during the 4th quarter worth approximately $206,000. Finally, Silvant Capital Management LLC bought a new position in LogMeIn during the 1st quarter worth approximately $267,000. Hedge funds and other institutional investors own 99.84% of the company’s stock.
LOGM has been the topic of several recent research reports. Zacks Investment Research upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. KeyCorp initiated coverage on shares of LogMeIn in a research report on Friday, April 6th. They set an “overweight” rating and a $135.00 target price on the stock. ValuEngine upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. BidaskClub upgraded shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Finally, Needham & Company LLC lifted their target price on shares of LogMeIn from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $142.56.
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.