Could LogMeIn Inc See a Reversal After Today’s Strong Options Activity?

 Could LogMeIn Inc See a Reversal After Today's Strong Options Activity?

In today’s session LogMeIn Inc (LOGM) registered an unusually high (561) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LOGM increase. With 561 contracts traded and 764 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LOGM161118C00090000 closed last at: $3.8 or 20.8% down. About 162,051 shares traded hands. LogMeIn Inc (NASDAQ:LOGM) has risen 84.82% since March 29, 2016 and is uptrending. It has outperformed by 81.34% the S&P500.

LogMeIn Inc (NASDAQ:LOGM) Ratings Coverage

Out of 9 analysts covering LogMeIn (NASDAQ:LOGM), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. $114 is the highest target while $56 is the lowest. The $83.89 average target is -11.41% below today’s ($94.7) stock price. LogMeIn has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Wednesday, July 27 by Barclays Capital. The stock of LogMeIn Inc (NASDAQ:LOGM) has “Overweight” rating given on Monday, October 3 by Barclays Capital. The stock has “Outperform” rating given by RBC Capital Markets on Friday, February 12. The stock of LogMeIn Inc (NASDAQ:LOGM) has “Strong Buy” rating given on Friday, February 12 by Needham. As per Friday, August 28, the company rating was upgraded by KeyBanc Capital Markets. The firm earned “Strong Buy” rating on Friday, July 24 by Needham. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 23 report. The firm has “Buy” rating given on Friday, April 29 by Dougherty & Company. Pacific Crest upgraded LogMeIn Inc (NASDAQ:LOGM) rating on Friday, August 28. Pacific Crest has “Overweight” rating and $82 price target. The rating was downgraded by Pacific Crest to “Sector Weight” on Wednesday, July 27.

According to Zacks Investment Research, “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. LogMeIn’s 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 company’s vision is to improve mobility, business productivity and connectivity through its Connectivity as a ServiceSM solutions.”

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.10, from 0.94 in 2016Q1. The ratio improved, as 28 funds sold all LogMeIn Inc shares owned while 63 reduced positions. 30 funds bought stakes while 65 increased positions. They now own 25.23 million shares or 2.78% less from 25.95 million shares in 2016Q1.
The Japan-based Blackrock Japan Ltd has invested 0% in LogMeIn Inc (NASDAQ:LOGM). Blackrock holds 0% of its portfolio in LogMeIn Inc (NASDAQ:LOGM) for 10,725 shares. Rothschild Asset Mngmt last reported 116,095 shares in the company. Ahl Partners Llp owns 10,751 shares or 0.04% of their US portfolio. Johnson Fincl Group accumulated 0% or 354 shares. Teachers Retirement Of The State Of Kentucky holds 0.01% or 8,300 shares in its portfolio. Kcg Holding Inc has invested 0% of its portfolio in LogMeIn Inc (NASDAQ:LOGM). Pacad Ltd has 0.01% invested in the company for 743 shares. Water Island Capital Lc accumulated 8,024 shares or 0.03% of the stock. Barclays Public Ltd accumulated 0% or 144 shares. Nicholas Prtnrs Limited Partnership holds 0.31% or 71,155 shares in its portfolio. Blackrock Inv Management Ltd Liability Company has 105,066 shares for 0.01% of their US portfolio. Price T Rowe Assoc Md has 0% invested in the company for 199,969 shares. The Minnesota-based Thrivent Financial For Lutherans has invested 0% in LogMeIn Inc (NASDAQ:LOGM). Renaissance Grp Lc reported 4,729 shares or 0.01% of all its holdings.

Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 10 insider sales for $14.37 million net activity. $509,801 worth of shares were sold by Donahue Michael J on Friday, July 29. The insider D’Angelo Lawrence M. sold 11,891 shares worth $741,965. 7,881 LogMeIn Inc (NASDAQ:LOGM) shares with value of $478,366 were sold by Ford W. Sean. On Wednesday, August 10 the insider MATZ MARILYN sold $41,600. 4,540 shares were sold by CHAMBERS STEVEN G, worth $383,289 on Friday, July 29. 11,296 shares were sold by Simon Michael K, worth $706,240 on Thursday, June 9. On Tuesday, May 3 Herdiech Edward K. sold $527,232 worth of the stock or 8,809 shares.

LogMeIn, Inc. provides a portfolio of cloud service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The company has a market cap of $2.60 billion. The Company’s product line includes AppGuru, BoldChat, Cubby, join.me, LastPass, LogMeIn Pro, LogMeIn Central, LogMeIn Rescue, LogMeIn Rescue+Mobile, LogMeIn Backup, LogMeIn for iOS, LogMeIn Hamachi, MeldiumTM, Xively and RemotelyAnywhere. It has a 318.64 P/E ratio. The Company’s services are focused on markets, such as identity and access management, collaboration and the Internet of Things, and are delivered through the cloud as hosted services, commonly called software-as-a-service .

LOGM Company Profile

LogMeIn, Inc., incorporated on August 3, 2004, provides a portfolio of cloud service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s product line includes AppGuru, BoldChat, Cubby, join.me, LastPass, LogMeIn Pro, LogMeIn Central, LogMeIn Rescue, LogMeIn Rescue+Mobile, LogMeIn Backup, LogMeIn for iOS, LogMeIn Hamachi, MeldiumTM, Xively and RemotelyAnywhere. The Company’s services are focused on markets, such as identity and access management, collaboration and the Internet of Things, and are delivered through the cloud as hosted services, commonly called software-as-a-service (SaaS). The Firm offers both free and fee based, or premium, services. The Company’s core cloud services are categorized into business lines, including Collaboration, Service and Support, Identity and Access Management, and Connected Products.

More news for LogMeIn Inc (NASDAQ:LOGM) were recently published by: Fool.com, which released: “Here’s Why LogMeIn Inc Shares Rose 32% in July” on August 07, 2016. Fool.com‘s article titled: “Why LogMeIn, Inc. Shares Jumped Today” and published on July 27, 2016 is yet another important article.

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