We Are One Seven LLC boosted its position in shares of LogMeIn Inc (NASDAQ:LOGM) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,455 shares of the software maker’s stock after acquiring an additional 278 shares during the period. We Are One Seven LLC’s holdings in LogMeIn were worth $458,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOGM. Man Group plc raised its stake in LogMeIn by 331.5% during the 2nd quarter. Man Group plc now owns 878,903 shares of the software maker’s stock worth $64,757,000 after acquiring an additional 675,205 shares during the period. UBS Asset Management Americas Inc. grew its holdings in LogMeIn by 780.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 500,216 shares of the software maker’s stock valued at $36,856,000 after buying an additional 443,417 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in LogMeIn during the 2nd quarter valued at approximately $32,132,000. First Trust Advisors LP grew its holdings in LogMeIn by 21.5% during the 2nd quarter. First Trust Advisors LP now owns 2,057,435 shares of the software maker’s stock valued at $151,592,000 after buying an additional 363,552 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in LogMeIn by 170.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 482,987 shares of the software maker’s stock valued at $35,587,000 after buying an additional 304,105 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.
LOGM stock opened at $69.54 on Friday. The firm has a fifty day moving average price of $68.70 and a 200 day moving average price of $74.26. LogMeIn Inc has a fifty-two week low of $65.04 and a fifty-two week high of $96.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $3.34 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.34 and a beta of 1.09.
LogMeIn (NASDAQ:LOGM) last posted its earnings results on Thursday, July 25th. The software maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. LogMeIn had a net margin of 1.82% and a return on equity of 7.44%. The firm had revenue of $313.10 million during the quarter, compared to analyst estimates of $310.98 million. During the same period last year, the firm posted $1.32 earnings per share. LogMeIn’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts predict that LogMeIn Inc will post 4.02 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Northland Securities reaffirmed a “buy” rating on shares of LogMeIn in a report on Friday, July 26th. Berenberg Bank assumed coverage on shares of LogMeIn in a report on Thursday. They set a “buy” rating and a $91.00 price objective for the company. ValuEngine raised shares of LogMeIn from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of LogMeIn from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a report on Wednesday, July 31st. Finally, Robert W. Baird set a $85.00 price objective on shares of LogMeIn and gave the company a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $91.10.
In related news, Director Peter John Sacripanti sold 7,124 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $70.00, for a total value of $498,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Benson sold 1,000 shares of LogMeIn stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $66.96, for a total transaction of $66,960.00. Following the transaction, the director now directly owns 2,223 shares of the company’s stock, valued at $148,852.08. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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