Logmein, Inc. (LOGM) Files Form 4 Insider Selling : W. Sean Ford Sells 2,251 Shares

Logmein, Inc. (LOGM): W. Sean Ford , Chief Marketing Officer of Logmein, Inc. sold 2,251 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $60.03 per share for a total value of $135,124.38 , 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 24, 2016, Edward K. Herdiech (Chief Financial Officer) sold 4,737 shares at $60.20 per share price.On May 4, 2016, W. Sean Ford (Chief Marketing Officer) sold 7,881 shares at $60.70 per share price.Also, On Mar 8, 2016, Michael K Simon (director) sold 50,000 shares at $51.62 per share price.On Dec 2, 2015, Marilyn Matz (director) sold 500 shares at $71.65 per share price.

LogMeIn Inc: On Friday, May 20, 2016 heightened volatility was witnessed in LogMeIn Inc which led to swings in the share price. The shares opened for trading at $57.22 and hit $59 on the upside , eventually ending the session at $58.98, with a gain of 3.60% or 2.05 points. The heightened volatility saw the trading volume jump to 1,62,846 shares. The 52-week high of the share price is $75.4199 and the company has a market cap of $1,474,382 M . The 52-week low of the share price is at $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. 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.

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LogMeIn Inc - Is it time to Sell?

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