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Logmein Inc. (LOGM) CEO, President and Secretary Michael K Simon sells 20,000 Shares

Oct 11, 2011 | About:
insider
insider
CEO, President and Secretary of Logmein Inc. (LOGM) Michael K Simon sells 20,000 shares of LOGM on 10/10/2011 at an average price of $33.46 a share.

Logmein Inc. has a market cap of $822.5 million; its shares were traded at around $33.99 with a P/E ratio of 57.6 and P/S ratio of 8.1.

This is the annual revenues and earnings per share of LOGM over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of LOGM.


CEO Recent Trades:


  • CEO, President and Secretary Michael K Simon sold 20,000 shares of LOGM stock on 09/09/2011 at the average price of 29.72. Michael K Simon owns at least 714,550 shares after this. The price of the stock has increased by 14.37% since.
  • CEO, President and Secretary Michael K Simon sold 10,000 shares of LOGM stock on 08/10/2011 at the average price of 31.8. Michael K Simon owns at least 719,550 shares after this. The price of the stock has increased by 6.89% since.
  • CEO, President and Secretary Michael K Simon sold 15,000 shares of LOGM stock on 08/09/2011 at the average price of 31.62. Michael K Simon owns at least 729,550 shares after this. The price of the stock has increased by 7.5% since.
  • CEO, President and Secretary Michael K Simon sold 20,000 shares of LOGM stock on 07/05/2011 at the average price of 37.83. Michael K Simon owns at least 744,550 shares after this. The price of the stock has decreased by 10.15% since.
  • CEO, President and Secretary Michael K Simon sold 20,000 shares of LOGM stock on 06/08/2011 at the average price of 37.93. Michael K Simon owns at least 764,550 shares after this. The price of the stock has decreased by 10.39% since.

CFO Recent Trades:


  • CFO and Treasurer James F. Kelliher sold 4,000 shares of LOGM stock on 09/08/2011 at the average price of 30.5. James F. Kelliher owns at least 16,500 shares after this. The price of the stock has increased by 11.44% since.
  • CFO and Treasurer James F. Kelliher sold 4,000 shares of LOGM stock on 08/04/2011 at the average price of 34.04. James F. Kelliher owns at least 16,500 shares after this. The price of the stock has decreased by 0.15% since.
  • CFO and Treasurer James F. Kelliher sold 8,250 shares of LOGM stock on 06/08/2011 at the average price of 37.91. James F. Kelliher owns at least 16,500 shares after this. The price of the stock has decreased by 10.34% since.
  • CFO and Treasurer James F. Kelliher sold 8,250 shares of LOGM stock on 05/10/2011 at the average price of 42.15. James F. Kelliher owns at least 16,500 shares after this. The price of the stock has decreased by 19.36% since.

This is the insider trade history vs. stock price of LOGM. For the complete insider trading history of LOGM, click here.




Directors and Officers Recent Trades:


  • Director Steven J. Benson sold 125,000 shares of LOGM stock on 10/05/2011 at the average price of 32.22. Steven J. Benson owns at least 1,500,000 shares after this. The price of the stock has increased by 5.49% since.
  • Chief Technology Officer Marton B Anka sold 4,384 shares of LOGM stock on 09/26/2011 at the average price of 31.29. Marton B Anka owns at least 677,696 shares after this. The price of the stock has increased by 8.63% since.
  • Chief Technology Officer Marton B Anka sold 9,384 shares of LOGM stock on 09/12/2011 at the average price of 29.73. Marton B Anka owns at least 682,080 shares after this. The price of the stock has increased by 14.33% since.
  • Director Steven J. Benson sold 30,000 shares of LOGM stock on 09/07/2011 at the average price of 30.4. Steven J. Benson owns at least 1,625,000 shares after this. The price of the stock has increased by 11.81% since.
  • VP and General Counsel Michael J Donahue sold 2,000 shares of LOGM stock on 09/07/2011 at the average price of 30.38. The price of the stock has increased by 11.88% since.


For the complete insider trading history of LOGM, click here.

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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