The CFO of Logitech (NASDAQ: LOGI) is Selling Shares

By George MacDonald

On July 29, the CFO of Logitech (NASDAQ: LOGI), Vincent Pilette, sold shares of LOGI for $1.99M.

Following Vincent Pilette’s last LOGI Sell transaction on May 17, 2016, the stock climbed by 5.4%.

The company has a one year high of $20.22 and a one year low of $12.16. LOGI’s market cap is $3.26B and the company has a P/E ratio of 27.09%. Currently, Logitech has an average volume of 1.47M.

Eight different firms, including Merrill Lynch and J.P. Morgan, currently also have a Sell rating on the stock.

Looking at blogger coverage of LOGI, there is a 50% Bullish tendency on the stock, in relation to a 64% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Logitech has been negative based on 50 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Logitech International SA engages in the peripherals businesses. It develop and market innovative 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. The company operates through two segments: Peripherals and Video Conferencing. The Peripherals segment engages in the design, manufacturing and distribution of peripheral products for personal computers, tablets and for other digital platforms. The Video Conferencing segment covers the design, production and sale of video conferencing products, infrastructure and services use among enterprise, public sector and other businesses. Its products include pointing devices, keyboards, desktops and gaming products. Logitech International was founded by Daniel Borel, Pierluigi Zappacosta and Giacamo Marini on October 2, 1981 and is headquartered in Newark, CA.