Michael Donahue Insider Sell Transaction
Michael Donahue, the SVP and General Counsel of LogMeIn Inc (NASDAQ:LOGM) 74.13 +0.87 1.19% made transaction for 5,051 shares with the average stock price of $73.1 in the stock exchange listed company, that are with a total value of $369,463 USD. In the last month, he also unloaded 2,803 shares that are worth $205,029 USD. Currently, Michael Donahue owns 1,000 shares which make up about 0.00% of the company’s total market cap.
Logmein Inc Stock Rating, Sentiment and Fundamentals
Eleven Logmein Inc’s security specialist analysts project a profit of $1.55 a share and see 47.29 P/E ratio for 2015. The percentage of growth rate YOY is expected to be 23.80% or less.
We can’t rate the stock SELL only because of speculative reasons, our time momentum system doesn’t agree with his sell. See the chart below. Within the last 200 days Logmein Inc’s share price has increased 68.67% and right now is in strong uptrend
Price Chart of Logmein
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Just as well-known stock market traders (who include David Tepper) stated, the best returns are made via a mix of technical & fundamental analysis. This doesn’t look to be the case with Logmein Inc’s stock.
Hedge Funds Ownership
In the last quarter 167 investment managers own shares of Logmein Inc. The tracked institutional investors and hedge funds have historically had a high interest in Logmein Inc’s stock, and that was also the case in the last quarter. The institutional ownership was 100.53% of the stock’s outstanding shares. They decreased by 956,131 the total shares they hold. As of that quarter these stock owners owned 24.99 million shares. A total of 27 funds opened new positions in Logmein Inc and 58 increased their holdings. There were 19 funds that closed their positions and 69 that reduced them.
Among the shareholders of this stock are five registered investment advisors, that are having it in their Top 10 stock holdings. These are: Ashford Capital Management Inc, Kornitzer Capital Management Inc Ks, Rs Investment Management Co Llc, G2 Investment Partners Management Llc, Oberweis Asset Management Inc.
Convergence Investment Partners Llc had the greatest investment with ownership of 17,670 shares as of Q4 2014 for 0.12% of the fund’s portfolio. Ashford Capital Management Inc is another positive asset manager having 294,509 shares of the company or 2.82% of their stocks portfolio. The stock is also 2.45% of the fund’s AUM. Kornitzer Capital Management Inc Ks have 1.33% of their stock portfolio invested in the company’s market cap for 2.30 million shares. Moreover, Rs Investment Management Co Llc revealed it had purchased a stake worth 1.08% of the fund’s stock portfolio in the company. Josh Goldberg’s G2 Investment Partners Management Llc was also a notable believer in the Massachusetts-based company, with ownership of 167,534 shares. Logmein Inc is 2.61% of the fund’s stock portfolio.
LogMeIn NASDAQ:LOGM Company Profile
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.
Company Website: LogMeIn
Logmein Inc was formed in Delaware on 2004-08-03. Currently its market capitalization is: $1.82 billion and it has 24.91 million shares outstanding. This company has 916 employees. Currently there are 105.77% shareholders and the institutional ownership is 105.77%. The stock closed at $73.07 yesterday and it had average 2 days volume of 78392 shares. It is down from the 30 days average shares volume of 102210. Logmein Inc has a 250 days low of $40.66 and a one year high of $75.26. The stock price is above the 200 days Simple moving average. Logmein Inc last issued its quarterly earnings stats on 07/23/2015. The company reported 0.14 EPS for the quarter, missing the consensus estimate of 0.15 by 0.01. The company had a revenue of 64.83 million for 6/30/2015 and 61.11 million for 3/31/2015. Therefore, the revenue was 3.73 million up.
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