Logmein, Inc. (LOGM) Files Form 4 Insider Selling : Michael K Simon Sells 43,173 Shares

Logmein, Inc. (LOGM): Michael K Simon , director of Logmein, Inc. sold 43,173 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $63.22 per share for a total value of $2,722,684.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Lawrence M. D’angelo (SVP, Sales) sold 11,891 shares at $62.64 per share price.On May 24, 2016, Michael J Donahue (SVP and General Counsel) sold 3,939 shares at $60.13 per share price.Also, On May 24, 2016, Gregory Hughes (director) sold 1,638 shares at $58.78 per share price.On May 24, 2016, W. Sean Ford (Chief Marketing Officer) sold 2,251 shares at $60.03 per share price.

Shares of LogMeIn Inc (LOGM) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.92 points or -1.44% at $62.9 with 1,35,799 shares getting traded. Post opening the session at $63.99, the shares hit an intraday low of $62.86 and an intraday high of $63.99 and the price vacillated in this range throughout the day. The company has a market cap of $1,572 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. 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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