Insider Selling: iRobot Corporation (IRBT) EVP Sells $72,800.00 in Stock

iRobot Corporation (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 728 shares of iRobot Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the transaction, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at $6,835,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Glen Daniel Weinstein also recently made the following trade(s):

  • On Friday, July 28th, Glen Daniel Weinstein sold 11,375 shares of iRobot Corporation stock. The stock was sold at an average price of $105.02, for a total transaction of $1,194,602.50.

Shares of iRobot Corporation (NASDAQ:IRBT) opened at 79.81 on Friday. The company has a market cap of $2.21 billion, a PE ratio of 39.14 and a beta of 1.18. iRobot Corporation has a 12 month low of $40.22 and a 12 month high of $109.78. The stock has a 50 day moving average of $97.47 and a 200-day moving average of $84.61.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The company had revenue of $183.14 million during the quarter, compared to analyst estimates of $174.65 million. During the same quarter last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities analysts forecast that iRobot Corporation will post $1.58 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in IRBT. BlackRock Inc. increased its holdings in iRobot Corporation by 124,694.7% in the 1st quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock worth $218,483,000 after acquiring an additional 3,300,668 shares during the last quarter. Vanguard Group Inc. increased its holdings in iRobot Corporation by 27.4% in the 1st quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock worth $196,089,000 after acquiring an additional 637,890 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in iRobot Corporation by 363.7% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock worth $37,576,000 after acquiring an additional 350,292 shares during the last quarter. State Street Corp increased its holdings in iRobot Corporation by 46.1% in the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after acquiring an additional 293,988 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in iRobot Corporation by 204.0% in the 1st quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock worth $28,241,000 after acquiring an additional 286,510 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

A number of equities analysts have commented on IRBT shares. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Canaccord Genuity cut shares of iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Finally, Piper Jaffray Companies lifted their price objective on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.63.

About iRobot Corporation

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Insider Buying and Selling by Quarter for iRobot Corporation (NASDAQ:IRBT)

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