As Logmein INC (LOGM) Stock Value Rose, G2 Investment Partners Management LLC Decreased by $3.34 Million Its Holding

January 21, 2018 - By Hazel Jackson

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It improved, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Oakworth Cap holds 0.01% or 173 shares. Ledyard National Bank invested in 95 shares. Point72 Asset LP reported 546,518 shares. Dorsey And Whitney Ltd Company accumulated 2,021 shares. Kornitzer Mngmt Ks has invested 0.19% in LogMeIn, Inc. (NASDAQ:LOGM). Brown Brothers Harriman And holds 0% or 20 shares in its portfolio. Tradewinds Capital Mgmt reported 421 shares stake. Cwm Llc reported 0% stake. Mufg Americas holds 136 shares or 0% of its portfolio. Manchester Cap Mngmt Ltd Liability Company holds 0% or 193 shares in its portfolio. 33,813 were reported by Stevens Mgmt L P. Contravisory Inv Management holds 4 shares. Raymond James & Assoc accumulated 60,676 shares. Citadel Advsrs Limited Liability holds 0.1% or 1.22 million shares. Hanson Mcclain Inc holds 17 shares or 0% of its portfolio.

Since August 1, 2017, it had 0 insider purchases, and 7 sales for $7.92 million activity. Simon Michael K had sold 20,000 shares worth $2.24 million on Monday, September 11. Herdiech Edward K. sold $747,626 worth of stock. Wagner William Raymond sold $533,581 worth of stock or 4,588 shares. Battles Christopher had sold 721 shares worth $84,922 on Tuesday, August 1. Another trade for 14,640 shares valued at $1.65 million was sold by Ford W. Sean.

Josh Goldberg decreased its stake in Logmein Inc (LOGM) by 22.69% based on its latest 2017Q3 regulatory filing with the SEC. G2 Investment Partners Management Llc sold 30,380 shares as the company’s stock rose 17.94% with the market. The hedge fund run by Josh Goldberg held 103,524 shares of the technology company at the end of 2017Q3, valued at $11.39 million, down from 133,904 at the end of the previous reported quarter. G2 Investment Partners Management Llc who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $6.29B market cap company. The stock increased 0.89% or $1.05 during the last trading session, reaching $119.55. About 555,447 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since January 21, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

G2 Investment Partners Management Llc, which manages about $585.42M and $252.40 million US Long portfolio, upped its stake in Upland Software Inc by 166,412 shares to 640,913 shares, valued at $13.56M in 2017Q3, according to the filing. It also increased its holding in Lumentum Hldgs Inc by 128,303 shares in the quarter, for a total of 133,303 shares, and has risen its stake in Usa Technologies Inc (NASDAQ:USAT).

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 earnings per share, up 175.76 % or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90 million for 32.84 P/E if the $0.91 EPS becomes a reality. After $0.93 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15 % negative EPS growth.

More recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Bizjournals.com which released: “Actifio CFO, formerly of LogMeIn, leaves for chatbot startup” on January 02, 2018. Also Seekingalpha.com published the news titled: “The Scalability Problem At LogMeIn” on January 17, 2018. Globenewswire.com‘s news article titled: “LogMeIn Communications & Collaboration Products Named a Leader in Aragon …” with publication date: January 17, 2018 was also an interesting one.

LogMeIn, Inc. (NASDAQ:LOGM) Ratings Coverage

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, August 28. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by RBC Capital Markets on Friday, June 9. The company was maintained on Friday, October 27 by Needham. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Outperform” rating given on Friday, July 24 by Northland Capital. The company was maintained on Wednesday, December 20 by Needham. The stock has “Sector Weight” rating by Pacific Crest on Wednesday, July 27. The stock has “Buy” rating by RBC Capital Markets on Sunday, October 8. The firm has “Buy” rating given on Friday, October 27 by Cowen & Co. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. Robert W. Baird maintained LogMeIn, Inc. (NASDAQ:LOGM) on Friday, October 27 with “Buy” rating.

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