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LOGM $86.04

LOGM target price
86.04
0
0
LogMeIn, Inc.
Type
Public
Traded as NASDAQ: LOGM
S&P 400 Component
Industry Computer software
Founded Budapest, Hungary (2003)
Headquarters Boston, Massachusetts, USA
Key people
William (Bill) Wagner (President & CEO)
Edward Herdiech (CFO)
Sean Ford (CMO)
Chris Battles (CPO)
Larry D'Angelo (SVP Sales)
Sandor Palfy (CTO)
Michael Donahue (SVP General Counsel)
Rob Lawrence (SVP Corporate Strategy)
Timothy "TJ" Ewing (Chief People Officer)
Products Cloud-based SaaS
Revenue $336.1 million (2016)
Number of employees
2,778 (June 30, 2017)
Website LogMeInInc.com

LogMeIn, Inc. (NASDAQ: LOGM), founded in 2003 and based in Boston, Massachusetts, is a provider of software as a service and cloud-based remote connectivity services for collaboration, IT management and customer engagement. The company's products give users and administrators access to remote computers.

In October 2015, LogMeIn bought the password manager solution LastPass. In February 2017, LogMeIn completed a merger with the "GoTo" business.

The company is part of the S&P 400 stock market index and has forecast annual revenue of more than $1 billion in 2017.

The company's products are focused on three business areas, including Communications & Collaboration services, Identity & Access Management services, and Customer engagement & support services. The products include:

The company was formerly known as 3am Labs, Inc. before March 2006.

The company's CEO Michael Simon and CTO Márton Anka collaborated at Uproar, an Internet game site eventually bought by Vivendi Universal at the height of the dot-com bubble. Anka's work for Uproar allegedly laid the foundation for his RemotelyAnywhere application, which later evolved into LogMeIn after 3am Labs incorporated.

3am Labs acquired the Hamachi VPN product.

LogMeIn, Inc., changed its name from 3am Labs in 2006.

Tridia sued LogMeIn, Inc. for patent infringement in January 2008.

LogMeIn, Inc., completed an IPO in 2009. Trading of LogMeIn, Inc. shares on the NASDAQ Global Market commenced on July 1, 2009.

In 2011, the company began a move into cloud services for the Internet of Things by acquiring Pachube, which would later become the Xively service. In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.

LogMeIn, Inc., acquired Bold Software, LLC in 2012.

LogMeIn acquired Meldium for $15 Million in September 2014 and retired the Meldium product offering in July 2017.

In July 2015, LogMeIn launched a new innovative product named "Rescue Lens" designed for providing video-assisted customer support using a camera on the client's iOS or Android device. This allows a customer support representative to join a live feed in order to remotely work on technical issues reported by the customer by seeing the physical product as if it was in front of them.

LogMeIn acquired LastPass for $110 Million in October 2015.

LogMeIn announced in July 2016 a merger with Citrix's GoTo Family of Products via a Reverse Morris Trust.

In July 2017, the company announced they acquired Israel-based software company Nanorep for a reported $45 million dollars and then an additional $5 million in contingent cash for high-performing employees who would continue with LogMeIn for the next two years post the closure of the transaction. Nanorep makes customer service software that uses artificial intelligence and chatbots to make more intuitive and engaging customer service.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-07-29 1.54 0.39
Q1 2020 2020-04-23 1.21 -0.23
Q4 2019 2020-02-13 1.43 -0.08
Q3 2019 2019-10-24 1.39 0.10
Q2 2019 2019-07-25 1.17 -0.13
Q1 2019 2019-04-25 1.17 -0.18
Q4 2018 2019-02-14 1.47 0.49
Q3 2018 2018-10-25 1.40 0.24

Ratings

2016-07-05 Downgrade Cowen and Company Outperform to Market Perform $63.00
2016-05-01 Reiterated Rating Needham & Company LLC Buy $57.00 to $81.00
2016-04-29 Boost Price Target Barclays Underweight $45.00 to $49.00
2016-04-29 Boost Price Target RBC Capital Outperform $65.00 to $70.00
2016-04-29 Boost Price Target Dougherty & Co Buy $56.00 to $65.00
2016-04-29 Boost Price Target Barclays PLC Underweight $45.00 to $49.00
2016-04-29 Boost Price Target Royal Bank Of Canada Outperform $65.00 to $70.00
2016-04-28 Reiterated Rating Piper Jaffray Buy
2016-04-28 Reiterated Rating Piper Jaffray Cos. Buy
2016-02-22 Boost Price Target Cowen and Company Outperform $53.00 to $56.00
2016-02-14 Lower Price Target RBC Capital Outperform $75.00 to $65.00
2016-02-13 Reiterated Rating JPMorgan Chase & Co. Hold
2016-02-13 Reiterated Rating Needham & Company LLC Buy
2016-02-12 Reiterated Rating Oppenheimer Market Perform
2016-02-12 Reiterated Rating Piper Jaffray Overweight $70.00
2016-02-12 Lower Price Target Needham & Company LLC Strong-Buy $84.00 to $57.00
2016-02-12 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-02-10 Lower Price Target Barclays Underweight $67.00 to $45.00
2016-02-08 Lower Price Target RBC Capital Outperform $75.00 to $65.00
2016-01-12 Reiterated Rating Northland Securities Buy
2016-01-06 Reiterated Rating Pacific Crest Overweight $86.00
2015-11-30 Reiterated Rating Piper Jaffray Overweight $94.00
2015-10-24 Reiterated Rating Needham & Company LLC Buy
2015-10-23 Boost Price Target Piper Jaffray $90.00 to $94.00
2015-10-23 Reiterated Rating Pacific Crest Overweight $82.00 to $86.00
2015-10-23 Boost Price Target JPMorgan Chase & Co. Neutral $75.00 to $80.00
2015-10-23 Boost Price Target RBC Capital Outperform $84.00 to $90.00
2015-10-12 Reiterated Rating Needham & Company LLC Strong-Buy $84.00
2015-09-03 Reiterated Rating Needham & Company LLC Strong-Buy $84.00
2015-09-03 Reiterated Rating Cowen and Company Buy $80.00
2015-08-28 Upgrade KeyBanc Sector Weight to Overweight $82.00
2015-08-28 Upgrade Pacific Crest Sector Weight to Overweight $82.00
2015-08-28 Upgrade KeyCorp Sector Weight to Overweight $82.00
2015-07-25 Reiterated Rating Northland Securities Buy
2015-07-25 Reiterated Rating Needham & Company LLC Buy
2015-07-24 Boost Price Target RBC Capital Outperform $72.00 to $84.00
2015-07-24 Boost Price Target Needham & Company LLC Strong-Buy $70.00 to $84.00
2015-07-24 Boost Price Target Northland Securities Outperform $75.00 to $85.00
2015-07-10 Reiterated Rating Northland Securities Outperform $75.00
2015-05-26 Boost Price Target Northland Securities Outperform $65.00 to $75.00
2015-05-14 Reiterated Rating Piper Jaffray Overweight $80.00
2015-05-04 Initiated Coverage KeyBanc Sector Perform $63.90
2015-05-04 Initiated Coverage Pacific Crest Sector Perform
2015-04-30 Reiterated Rating Piper Jaffray Overweight $80.00
2015-04-29 Boost Price Target Cowen and Company Outperform $58.00 to $65.00
2015-04-29 Upgrade Needham & Company LLC Buy to Strong-Buy $55.00 to $70.00
2015-04-29 Boost Price Target Northland Securities Outperform $57.00 to $65.00
2015-04-29 Boost Price Target RBC Capital Outperform $66.00 to $72.00
2015-04-09 Initiated Coverage JPMorgan Chase & Co. Neutral $61.00
2015-03-11 Reiterated Rating Piper Jaffray Overweight $65.00
2015-01-06 Downgrade Barclays Equal Weight to Underweight
2015-01-05 Reiterated Rating Northland Securities Buy $54.00 to $57.00
2014-07-25 Reiterated Rating RBC Capital Outperform $55.00 to $50.00
2014-07-25 Reiterated Rating Barclays Equal Weight $45.00 to $50.00
2014-07-25 Boost Price Target Piper Jaffray $60.00
2014-07-25 Boost Price Target Maxim Group Buy $52.00 to $58.00
2014-07-11 Upgrade Cowen and Company Market Perform to Outperform $47.00
2014-07-09 Initiated Coverage Off Wall Street Sell $30.00
2014-04-30 Reiterated Needham Buy $48 to $55
2014-04-30 Boost Price Target Barclays Equal Weight $39.00 to $45.00
2014-04-30 Boost Price Target Needham & Company LLC Buy $48.00 to $55.00
2014-04-17 Boost Price Target Maxim Group Buy $45.00 to $48.00
2014-03-18 Reiterated Northland Capital Outperform $45 to $54
2014-03-18 Boost Price Target Northland Securities Outperform $45.00 to $54.00
2014-03-12 Boost Price Target RBC Capital Outperform $42.00 to $50.00
2014-02-18 Reiterated Dougherty & Company Buy $39 to $43
2014-02-18 Boost Price Target Dougherty & Co Buy $39.00 to $43.00
2014-02-14 Boost Price Target Barclays Equal Weight $34.00 to $39.00
2014-02-14 Upgrade Needham & Company LLC Hold to Buy $48.00
2014-01-22 Downgrade Cowen and Company Outperform to Market Perform $37.00 to $38.00
2013-10-28 Boost Price Target Cowen and Company Outperform $34.00 to $37.00
2013-09-23 Reiterated Dougherty & Company Buy $36 to $39
2013-09-23 Reiterated Rating Barclays Hold $70.00
2013-09-23 Boost Price Target Dougherty & Co Buy $36.00 to $39.00
2013-07-26 Reiterated Maxim Group Buy $34 to $38
2013-07-26 Reiterated Dougherty & Company Buy $31 to $36
2013-07-09 Reiterated Dougherty & Company Buy $25 to $31
2013-04-26 Upgrade Dougherty & Company Neutral to Buy $25
2013-02-15 Reiterated Northland Capital Outperform $28 to $24
2016-07-05 Downgrade Cowen and Company Outperform to Market Perform $63.00
2016-05-01 Reiterated Rating Needham & Company LLC Buy $57.00 to $81.00
2016-04-29 Boost Price Target Barclays Underweight $45.00 to $49.00
2016-04-29 Boost Price Target RBC Capital Outperform $65.00 to $70.00
2016-04-29 Boost Price Target Dougherty & Co Buy $56.00 to $65.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Simon Michael K CEO, President and Secretary 2.93%  (721477) LOGM /
Anka Marton B Chief Technology Officer 2.90%  (713215) LOGM /
Wagner William Raymond Chief Operating Officer 0.40%  (98191) LOGM / VOCS /
Kelliher James F. CFO and Treasurer 0.08%  (18781) FLTX / LOGM /
GILLIS EDWIN J 0.08%  (18492) LOGM / MKTG / TER /
Herdiech Edward K. SVP, Finance 0.06%  (14646) LOGM /
Christenson Michael J 0.06%  (13642) LOGM /
Kaplan Matthew P. SVP of Products 0.04%  (10096) LOGM /
Donahue Michael J VP and General Counsel 0.04%  (10054) LOGM /
Salim Irfan 0.03%  (8026) LOGM /
Lok James SVP, Engineering 0.03%  (7708) LOGM /
Burton Andrew F. Senior Vice President Products 0.03%  (7650) LOGM /
Shaw Seth L. Senior Vice President, Sales 0.03%  (7617) LOGM /
SCHNEIDER HILARY 0.03%  (6250) LOCK / LOGM / MTN /
HUGHES GREGORY 0.02%  (4738) LOGM /
CALDERONI ROBERT 0.02%  (4109) CTXS / JNPR / KLAC / LOGM /
Battles Christopher Chief Product Officer 0.02%  (3881) LOGM /
Ford W. Sean SVP & Chief Marketing Officer 0.01%  (2860) LOGM /
D'Angelo Lawrence M. SVP, Sales 0.01%  (2064) LOGM /
MATZ MARILYN 0.01%  (1950) LOGM / TER /