Traders sold shares of LogMein Inc. (NASDAQ:LOGM) on strength during trading hours on Thursday. $27.13 million flowed into the stock on the tick-up and $40.14 million flowed out of the stock on the tick-down, for a money net flow of $13.01 million out of the stock. Of all stocks tracked, LogMein had the 0th highest net out-flow for the day. LogMein traded up $2.10 for the day and closed at $85.72

Several equities analysts have recently weighed in on LOGM shares. TheStreet upgraded LogMein from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded LogMein from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Thursday, May 5th. Dougherty & Co lifted their price target on LogMein from $56.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Needham & Company LLC lifted their price target on LogMein from $81.00 to $98.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price target on LogMein from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. LogMein presently has a consensus rating of “Buy” and an average price target of $77.90.

The firm has a market capitalization of $2.17 billion and a price-to-earnings ratio of 168.78. The company has a 50-day moving average of $64.88 and a 200-day moving average of $56.31.

LogMein (NASDAQ:LOGM) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. During the same period last year, the company posted $0.35 earnings per share. The business earned $83.30 million during the quarter, compared to the consensus estimate of $81.80 million. The business’s revenue was up 28.4% compared to the same quarter last year. On average, equities analysts predict that LogMein Inc. will post $1.93 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 4th.

In other news, Director Michael K. Simon sold 11,296 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $62.52, for a total transaction of $706,225.92. Following the transaction, the director now directly owns 777,104 shares of the company’s stock, valued at approximately $48,584,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Hughes sold 1,638 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $58.78, for a total value of $96,281.64. Following the transaction, the director now directly owns 6,376 shares in the company, valued at $374,781.28. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in LOGM. Bank of Montreal Can boosted its position in LogMein by 1.2% in the fourth quarter. Bank of Montreal Can now owns 376,978 shares of the company’s stock valued at $25,295,000 after buying an additional 4,622 shares during the last quarter. Wells Fargo & Company MN boosted its position in LogMein by 291.1% in the fourth quarter. Wells Fargo & Company MN now owns 334,576 shares of the company’s stock valued at $22,449,000 after buying an additional 249,021 shares during the last quarter. Principal Financial Group Inc. boosted its position in LogMein by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 170,872 shares of the company’s stock valued at $11,465,000 after buying an additional 8,402 shares during the last quarter. Nichols Asset Management LLC boosted its position in LogMein by 105.1% in the fourth quarter. Nichols Asset Management LLC now owns 130,801 shares of the company’s stock valued at $8,777,000 after buying an additional 67,030 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in LogMein by 9.0% in the fourth quarter. California Public Employees Retirement System now owns 87,300 shares of the company’s stock valued at $5,858,000 after buying an additional 7,200 shares during the last quarter.

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.

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