Bracken Darrell Sells 28,562 Shares of Logitech International SA (NASDAQ:LOGI) Stock

Logitech International SA (NASDAQ:LOGI) CEO Bracken Darrell sold 28,562 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $45.06, for a total value of $1,287,003.72. Following the transaction, the chief executive officer now owns 752,469 shares in the company, valued at $33,906,253.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bracken Darrell also recently made the following trade(s):

  • On Thursday, April 2nd, Bracken Darrell sold 6,300 shares of Logitech International stock. The stock was sold at an average price of $42.55, for a total value of $268,065.00.

Shares of NASDAQ LOGI traded up $0.98 during mid-day trading on Wednesday, hitting $44.51. The company had a trading volume of 190,866 shares, compared to its average volume of 328,250. Logitech International SA has a 1-year low of $31.37 and a 1-year high of $48.83. The company has a market capitalization of $7.19 billion, a PE ratio of 27.14 and a beta of 1.01. The business’s 50-day simple moving average is $40.59 and its 200 day simple moving average is $42.99.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, January 20th. The technology company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. Logitech International had a return on equity of 25.99% and a net margin of 9.61%. The company had revenue of $902.69 million for the quarter, compared to analysts’ expectations of $898.52 million. As a group, analysts expect that Logitech International SA will post 1.82 earnings per share for the current fiscal year.

LOGI has been the topic of a number of research reports. Loop Capital restated a “buy” rating and set a $58.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. They noted that the move was a valuation call. BidaskClub upgraded Logitech International from a “sell” rating to a “hold” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. upgraded Logitech International from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Thursday, February 27th. DA Davidson restated a “buy” rating and set a $64.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, Maxim Group reiterated a “hold” rating on shares of Logitech International in a research note on Monday, March 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Logitech International currently has a consensus rating of “Hold” and an average price target of $49.25.

A number of institutional investors have recently bought and sold shares of LOGI. Chevy Chase Trust Holdings Inc. acquired a new stake in Logitech International in the fourth quarter valued at $52,000. RMR Wealth Builders acquired a new stake in Logitech International in the fourth quarter valued at $59,000. Verus Capital Partners LLC acquired a new stake in Logitech International in the fourth quarter valued at $75,000. Whittier Trust Co. raised its stake in Logitech International by 111.6% in the fourth quarter. Whittier Trust Co. now owns 2,129 shares of the technology company’s stock valued at $100,000 after buying an additional 1,123 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new stake in Logitech International in the fourth quarter valued at $296,000. Institutional investors own 38.21% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

Further Reading: Trading based on a resistance level

Insider Buying and Selling by Quarter for Logitech International (NASDAQ:LOGI)

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