September 3, 2018 – By Julia Strobel
Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.06, from 1.07 in 2017Q4. It worsened, as 36 investors sold LogMeIn, Inc. shares while 116 reduced holdings. 50 funds opened positions while 104 raised stakes. 51.10 million shares or 0.04% less from 51.12 million shares in 2017Q4 were reported.
Hightower has 0% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 4,401 shares. Clarivest Asset Mgmt Ltd Llc accumulated 5 shares. Jpmorgan Chase And holds 0% or 61,956 shares in its portfolio. Tiaa Cref reported 0.06% in LogMeIn, Inc. (NASDAQ:LOGM). State Of New Jersey Common Pension Fund D has invested 0.01% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Duncker Streett & Co holds 360 shares. The Maryland-based Profit Lc has invested 0.78% in LogMeIn, Inc. (NASDAQ:LOGM). Hood River Mgmt Ltd Liability Company accumulated 94,932 shares. Massachusetts-based Panagora Asset has invested 0.06% in LogMeIn, Inc. (NASDAQ:LOGM). Strategic Advsrs Ltd Com holds 0.22% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 5,460 shares. Thompson Davis Com accumulated 250 shares. Putnam Lc has 0.06% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 219,094 shares. Trexquant Investment Lp holds 32,002 shares or 0.26% of its portfolio. Alphaone Serv owns 3,340 shares. First Citizens Bank And Company reported 2,086 shares.
Since May 1, 2018, it had 0 insider buys, and 20 selling transactions for $17.79 million activity. The insider D’Angelo Lawrence M. sold $390,618. 9,307 LogMeIn, Inc. (NASDAQ:LOGM) shares with value of $1.01M were sold by Donahue Michael J. Simon Michael K sold $2.17 million worth of stock. Herdiech Edward K. had sold 17,591 shares worth $1.95 million. Another trade for 1,772 shares valued at $205,911 was made by Battles Christopher on Monday, May 7. The insider Lok James sold $161,682.
LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage
Among 7 analysts covering LogMeIn (NASDAQ:LOGM), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. LogMeIn has $145 highest and $90 lowest target. $121.17’s average target is 40.98% above currents $85.95 stock price. LogMeIn had 9 analyst reports since April 3, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, April 27 by Robert W. Baird. The company was maintained on Friday, July 27 by KeyBanc Capital Markets. The stock has “Overweight” rating by Barclays Capital on Friday, April 27. The stock has “Neutral” rating by JP Morgan on Friday, July 27. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, July 27. The stock has “Neutral” rating by PiperJaffray on Friday, July 27. Robert W. Baird downgraded the shares of LOGM in report on Friday, July 27 to “Neutral” rating. Below is a list of LogMeIn, Inc. (NASDAQ:LOGM) latest ratings and price target changes.
27/07/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade
27/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $135 New Target: $120 Maintain
27/07/2018 Broker: PiperJaffray Old Rating: Overweight New Rating: Neutral Old Target: $135 New Target: $95 Downgrade
27/07/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
27/07/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $140 New Target: $90 Downgrade
27/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $145.0000 Maintain
27/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $142 New Target: $132 Maintain
06/04/2018 Broker: KeyBanc Capital Markets Rating: Overweight New Target: $135 Initiates Coverage On
03/04/2018 Broker: Mizuho Rating: Buy New Target: $145 Initiates Coverage On
The stock increased 0.59% or $0.5 during the last trading session, reaching $85.95. About 1.09M shares traded or 35.68% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has declined 0.64% since September 3, 2017 and is downtrending. It has underperformed by 13.21% the S&P500.
LogMeIn, Inc. provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers. The company has market cap of $4.46 billion. The firm offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToWebinar, a do-it-yourself Webinar product for organizations to enhance market reach; join.me, join.me pro, and join.me enterprise that are browser online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; Grasshopper, a well-known provider of cloud telephony solutions; and BoldChat, a Web live chat service. It has a 33.29 P/E ratio. It also provides GoToAssist, GoToAssist Corporate, and GoToAssist Seeit, which offer cloud IT support solutions to deliver uptime for people and their computers, mobile devices, and apps; LogMeIn Rescue, Rescue Lens, and LogMeIn Rescue+Mobile, which are Web remote support and customer care services offering remote support; and Xively, an IoT cloud platform and connected product management solution.
More notable recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Globenewswire.com which released: “CLASS ACTION UPDATE for LOGM and AMPE: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of …” on August 31, 2018, also Globenewswire.com with their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of LOGM, AMPE, LCI, CBS and PZZA” published on August 31, 2018, Benzinga.com published: “LOGM LOSS NOTICE: Rosen Law Firm Files Securities Class Action Lawsuit Against LogMeIn, Inc. – LOGM” on September 02, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) were released by: Seekingalpha.com and their article: “LogMeIn Scores An Own Goal” published on August 06, 2018 as well as Globenewswire.com‘s news article titled: “KESSLER TOPAZ MELTZER & CHECK, LLP â€“ Announces Investor Securities Fraud Class Action Lawsuit Against …” with publication date: August 24, 2018.
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