LogMein, Inc. (NASDAQ:LOGM) insider Christopher Battles sold 1,136 shares of LogMein stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total value of $135,672.48. Following the completion of the transaction, the insider now owns 2,760 shares in the company, valued at $329,626.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of LogMein, Inc. (NASDAQ:LOGM) opened at $115.60 on Tuesday. The stock has a market cap of $6,079.65, a PE ratio of 43.10, a P/E/G ratio of 2.01 and a beta of 1.34. LogMein, Inc. has a one year low of $90.35 and a one year high of $129.51.
LogMein (NASDAQ:LOGM) last announced its earnings results on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. The company had revenue of $269.30 million for the quarter, compared to analysts’ expectations of $270.56 million. LogMein had a net margin of 1.01% and a return on equity of 5.50%. The business’s revenue for the quarter was up 216.5% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. equities research analysts expect that LogMein, Inc. will post 3.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. LogMein’s payout ratio is presently 909.17%.
Several equities research analysts have recently weighed in on the company. Barclays PLC upped their price objective on LogMein from $132.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Cowen and Company reissued a “buy” rating and issued a $145.00 target price on shares of LogMein in a report on Sunday, October 29th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $170.00 price objective on shares of LogMein in a report on Tuesday, October 24th. Zacks Investment Research raised LogMein from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $140.00 price target on shares of LogMein in a research note on Monday, September 4th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. LogMein currently has an average rating of “Buy” and a consensus target price of $135.96.
Several hedge funds and other institutional investors have recently bought and sold shares of LOGM. Penserra Capital Management LLC lifted its holdings in shares of LogMein by 316.8% during the second quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock worth $104,000 after purchasing an additional 6,251 shares during the period. Creative Planning increased 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 purchasing an additional 3 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in LogMein in the third quarter valued at $201,000. Stephens Inc. AR bought a new stake in shares of LogMein during the third quarter worth about $202,000. Finally, Osborn Williams & Donohoe LLC bought a new stake in shares of LogMein during the second quarter worth about $203,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.