Logitech International SA (NASDAQ:LOGI) VP L Joseph Sullivan sold 40,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $41.55, for a total transaction of $1,662,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Logitech International SA (LOGI) traded down $0.20 during midday trading on Friday, reaching $37.92. 747,476 shares of the company’s stock traded hands, compared to its average volume of 757,450. Logitech International SA has a 1-year low of $28.47 and a 1-year high of $43.54. The company has a market cap of $6,226.73, a price-to-earnings ratio of 29.40 and a beta of 0.74.
A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Citigroup upped their price objective on shares of Logitech International from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. BidaskClub lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.20.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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