LogMein, Inc. (LOGM) dropped -2.61% or -2.83 points to trade at $105.28 per share. As per the latest trading data available, the net money flow stood at $2.08 million as the shares received $9.8 million in upticks and gave away $7.71 million in downticks. The final up/down ratio was at 1.27. On a weekly basis, the stock has seen a change of 1.96%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $1.09 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $1.09 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
LogMeIn, Inc. has dropped 2.78% in the last five trading days, however, the shares have posted positive gains of 10.96% in the last 4 weeks. LogMeIn, Inc. is up 13.39% in the last 3-month period. Year-to-Date the stock performance stands at 10.96%. LogMein, Inc. (NASDAQ:LOGM) witnessed a decline in the market cap on Wednesday as its shares dropped 1.39% or 1.5 points. After the session commenced at $108.2, the stock reached the higher end at $108.35 while it hit a low of $104.6. With the volume soaring to 13,070,050 shares, the last trade was called at $106.6. The company has a 52-week high of $110.1. The company has a market cap of $2,724 million and there are 25,552,047 shares in outstanding. The 52-week low of the share price is $35.
Company has reported several Insider transactions to the SEC, on Nov 4, 2016, Michael K Simon (director) sold 50,000 shares at 91.81 per share price.On Sep 16, 2016, Edwin J Gillis (director) sold 26,400 shares at 85.29 per share price.On Aug 18, 2016, Michael J Donahue (SVP and General Counsel) sold 4,137 shares at 80.13 per share price.
LogMeIn Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.53. The company had revenue of $85.10 million for the quarter, compared to analysts expectations of $84.35 million. The companys revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 25, 2017 to Overweight, Raises Price Target to $ 120 from a previous price target of $110 .LogMeIn Inc was Initiated by Robert W. Baird on Dec 8, 2016 to Neutral, Price Target of the shares are set at $108.
LogMeIn Inc., with world headquarters located near Boston in Woburn, Massachusetts, is a leading provider of on-demand, remote-connectivity and support solutions to small businesses, IT service providers and consumers. The company also has its European headquarters in Amsterdam, the Netherlands, and a development center in Budapest, Hungary. LogMeIns software-as-a-service suite of solutions includes capabilities for on-demand customer support of PCs, smartphones and other devices, systems administration, remote access, remote control, file-sharing, virtual private networking, data back-up and online meeting. Its solutions, which are deployed on-demand and accessible through a Web browser, are secure, scalable and easy for its customers to try, purchase and use. The companys vision is to improve mobility, business productivity and connectivity through its Connectivity as a ServiceSM solutions.