Virtu Financial LLC Buys 5,318 Shares of LogMeIn Inc (LOGM)
Virtu Financial LLC grew its stake in LogMeIn Inc (NASDAQ:LOGM) by 177.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,313 shares of the software maker’s stock after buying an additional 5,318 shares during the quarter. Virtu Financial LLC’s holdings in LogMeIn were worth $666,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in LOGM. IFP Advisors Inc lifted its stake in LogMeIn by 853.7% during the fourth quarter. IFP Advisors Inc now owns 782 shares of the software maker’s stock worth $63,000 after purchasing an additional 700 shares during the last quarter. Enlightenment Research LLC purchased a new stake in LogMeIn during the fourth quarter worth approximately $65,000. Oppenheimer Asset Management Inc. purchased a new stake in LogMeIn during the fourth quarter worth approximately $96,000. Ffcm LLC lifted its stake in LogMeIn by 2,045.0% during the fourth quarter. Ffcm LLC now owns 1,287 shares of the software maker’s stock worth $105,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in LogMeIn by 415.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,421 shares of the software maker’s stock worth $216,000 after purchasing an additional 1,951 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.
NASDAQ:LOGM opened at $82.04 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 18.03, a P/E/G ratio of 1.22 and a beta of 1.03. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.07. LogMeIn Inc has a 12-month low of $74.87 and a 12-month high of $123.00.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded LogMeIn from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. ValuEngine cut LogMeIn from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research cut LogMeIn from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Mizuho started coverage on LogMeIn in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, Oppenheimer cut LogMeIn from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a research note on Friday, February 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $100.45.
In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $81.17, for a total value of $1,826,325.00. Following the sale, the director now owns 547,074 shares of the company’s stock, valued at $44,405,996.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
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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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