Today, the President & CEO of Logitech (NASDAQ: LOGI), Bracken Darrell, sold shares of LOGI for $4.57M.
Following Bracken Darrell’s last LOGI Sell transaction on May 04, 2018, the stock climbed by 5.7%.
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Based on Logitech’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $608 million and quarterly net profit of $38.47 million. In comparison, last year the company earned revenue of $530 million and had a net profit of $37.01 million. LOGI’s market cap is $7.49B and the company has a P/E ratio of 35.96. Currently, Logitech has an average volume of 468.7K.
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 47 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 is a holding company, which engages in designing, manufacturing and marketing products that help connect people to digital and cloud experiences. It offers headsets, speakers, mice, keyboards, and webcams.
