Large Outflow of Money Witnessed in LogMein

Shares of LogMein (NASDAQ:LOGM) traded 0.04 points or 0.06% higher at $62.2.The total intraday money flow for the shares came in at a disappointing $(-3.09) million. The total upticks amounted to $3.08 million and the total downticks were approximately $6.16 million, with the up/down ratio of 0.5. On a different note, the shares have seen -1.32% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $2.87 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-2.87) million.


Currently the company Insiders own 1.2% of LogMein shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -86.62% . During last six month period, the net percent change held by insiders has seen a change of -86.62%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Logmein, Inc., Simon Michael K had sold 11,296 shares worth of $707,130 in a transaction dated June 9, 2016. In this transaction, 11,296 shares were sold at $62.6 per share.

LogMein (NASDAQ:LOGM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.16% at $62.06 with 318,104 shares getting traded. Post opening the session at $62.03, the shares hit an intraday low of $61.65 and an intraday high of $62.92 and the price was in this range throughout the day. The company has a market cap of $1,551 million and the number of outstanding shares have been calculated to be 24,997,869 shares. The 52-week high of LogMein (NASDAQ:LOGM) is $75.4199 and the 52-week low is $35.

LogMeIn, Inc. provides a portfolio of cloud-based service offerings. The Companys 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 Companys services are delivered via the cloud as hosted services. The Company offers both free and fee based, or premium, services. The Companys 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., pro and 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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.