G2 Investment Partners Management LLC Has Cut Its Stake in Logmein INC (LOGM) as Stock Price Rose

January 21, 2018 - By Ellis Scott

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It is positive, 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. 6,262 are held by King Luther Capital Mgmt Corp. Invesco Limited owns 1.04M shares. Parametric Ltd Liability Corporation invested 0.01% in LogMeIn, Inc. (NASDAQ:LOGM). Teacher Retirement Of Texas reported 0% stake. Peconic Prtn Ltd Liability owns 5,647 shares for 0.1% of their portfolio. Bessemer Group reported 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Fred Alger has 0.02% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 37,071 shares. Stifel Fincl holds 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 10,267 shares. Wilkins Investment Counsel, Massachusetts-based fund reported 28,685 shares. Tudor Investment Et Al owns 14,013 shares. G2 Investment Partners Ltd Liability Company stated it has 4.51% in LogMeIn, Inc. (NASDAQ:LOGM). Axa owns 54,900 shares. Proshare Advisors Lc has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM). Wellington Grp Ltd Liability Partnership holds 0.01% or 284,227 shares. Smith Asset Group Inc Lp holds 0.12% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 31,386 shares.

Since August 1, 2017, it had 0 insider buys, and 7 sales for $7.92 million activity. Simon Michael K sold $2.33 million worth of LogMeIn, Inc. (NASDAQ:LOGM) on Monday, August 7. Battles Christopher sold $84,922 worth of stock or 721 shares. Ford W. Sean had sold 14,640 shares worth $1.65M. Herdiech Edward K. had sold 6,354 shares worth $747,626. Wagner William Raymond had sold 4,588 shares worth $533,581 on Monday, August 7.

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 $11.39M, 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 $252.40M US Long portfolio, upped its stake in Upland Software Inc by 166,412 shares to 640,913 shares, valued at $13.56 million in 2017Q3, according to the filing. It also increased its holding in Osi Systems Inc (NASDAQ:OSIS) by 42,569 shares in the quarter, for a total of 111,778 shares, and has risen its stake in Lumentum Hldgs Inc.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 EPS, up 175.76 % or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90M for 32.84 P/E if the $0.91 EPS becomes a reality. After $0.93 actual EPS 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: Globenewswire.com which released: “LogMeIn Communications & Collaboration Products Named a Leader in Aragon …” on January 17, 2018. Also Bizjournals.com published the news titled: “Actifio CFO, formerly of LogMeIn, leaves for chatbot startup” on January 02, 2018. Seekingalpha.com‘s news article titled: “The Scalability Problem At LogMeIn” 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. Needham maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Thursday, September 3. Needham has “Strong-Buy” rating and $84 target. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Outperform” rating by RBC Capital Markets on Friday, February 12. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Cowen & Co on Friday, October 27. KeyBanc Capital Markets upgraded the shares of LOGM in report on Friday, August 28 to “Overweight” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 3. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 31. The firm earned “Buy” rating on Sunday, September 3 by RBC Capital Markets. The company was maintained on Friday, April 29 by Dougherty & Company. On Friday, July 28 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The firm has “Hold” rating given on Friday, July 28 by Oppenheimer.

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