Logmein, Inc. (LOGM) Files Form 4 Insider Selling : Edward K. Herdiech Sells 8,809 Shares

Logmein, Inc. (LOGM): Edward K. Herdiech , Chief Financial Officer of Logmein, Inc. sold 8,809 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $60.02 per share for a total value of $527,232.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, W. Sean Ford (Chief Marketing Officer) sold 7,881 shares at $60.70 per share price.On Mar 8, 2016, Michael K Simon (director) sold 50,000 shares at $51.62 per share price.Also, On Dec 2, 2015, Marilyn Matz (director) sold 500 shares at $71.65 per share price.On Nov 4, 2015, Lawrence M. D’angelo (SVP, Sales) sold 8,250 shares at $68.88 per share price.

Shares of LogMeIn Inc (LOGM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.87 points or -1.45% at $59.17 with 3,86,545 shares getting traded. Post opening the session at $59.46, the shares hit an intraday low of $59.01 and an intraday high of $61 and the price vacillated in this range throughout the day. The company has a market cap of $1,479 M and the number of outstanding shares has been calculated to be 2,49,97,869 shares. The 52-week high of LogMeIn Inc is $75.4199 and the 52-week low is $35.

LogMeIn Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.LogMeIn Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $56 .The Rating was issued on Apr 29, 2016.LogMeIn Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $65 .The Rating was issued on Apr 29, 2016.LogMeIn Inc is Reiterated by Barclays to Underweight and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $45 .The Rating was issued on Apr 29, 2016.LogMeIn Inc is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 65 from a previous price target of $75 . The Rating was issued on Feb 12, 2016.LogMeIn Inc is Reiterated by Needham to Strong Buy while Lowering the Price Target of the company shares to $ 57 from a previous price target of $84 . The Rating was issued on Feb 12, 2016.

LogMeIn Inc. provides a portfolio of cloud-based service offerings. The Company’s services range from free downloadable mobile and Web-based collaboration apps to enterprise grade professional helpdesk solutions to a cloud-based platform for the Internet of Things all of which are accessible with an Internet connection. The Company’s services are delivered via the cloud as hosted services. The Company offers both free and fee based or premium services. The Company’s core cloud-based services are categorized into four business lines: Collaboration Service and Support Connected Products and Additional Service Offerings. Its collaboration business consists of services for users to interact with and access the computers devices data and people that make up their digital world. join.me join.me pro and join.me enterprise are its free and premium browser-based online meeting and screen sharing services that give users the ability to host an online meeting with other people.

Leave a Reply

LogMeIn Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on LogMeIn Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.