Yesterday, the Chair, Logitech Eur; SVP, C&P of Logitech (NASDAQ: LOGI), Marcel Stolk, sold shares of LOGI for $2.42M.
Following Marcel Stolk’s last LOGI Sell transaction on May 04, 2017, the stock climbed by 7.0%. In addition to Marcel Stolk, 2 other LOGI executives reported Sell trades in the last month.
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Based on Logitech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $592 million and quarterly net profit of $34.4 million. In comparison, last year the company earned revenue of $496 million and had a net profit of $25.04 million. LOGI’s market cap is $6.63B and the company has a P/E ratio of 31.71. Currently, Logitech has an average volume of 340.7K.
Eight different firms, including Avondale and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Logitech has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Logitech International SA engages in the peripherals businesses. It develops and market hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking and audio and video communication over the Internet and home-entertainment control.
