iRobot Corporation (IRBT) CFO Sells $3,380,900.00 in Stock

iRobot Corporation (NASDAQ:IRBT) CFO Alison Dean sold 33,809 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the completion of the sale, the chief financial officer now owns 82,609 shares in the company, valued at approximately $8,260,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Alison Dean also recently made the following trade(s):

  • On Monday, July 24th, Alison Dean sold 17,646 shares of iRobot Corporation stock. The shares were sold at an average price of $90.00, for a total transaction of $1,588,140.00.

iRobot Corporation (NASDAQ IRBT) opened at 79.81 on Friday. The firm has a market cap of $2.21 billion, a P/E 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 company’s 50-day moving average is $97.47 and its 200 day moving average is $84.61.

iRobot Corporation (NASDAQ:IRBT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts expect that iRobot Corporation will post $1.58 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in IRBT. BlackRock Inc. grew its position in iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock valued at $218,483,000 after acquiring an additional 3,300,668 shares during the last quarter. Vanguard Group Inc. grew its position in iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock valued at $196,089,000 after acquiring an additional 637,890 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in iRobot Corporation by 363.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock valued at $37,576,000 after acquiring an additional 350,292 shares during the last quarter. State Street Corp grew its position in iRobot Corporation by 46.1% in the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after acquiring an additional 293,988 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in iRobot Corporation by 204.0% in the first quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock valued at $28,241,000 after acquiring an additional 286,510 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. SprucePoint Capital restated a “sell” rating on shares of iRobot Corporation in a research note on Thursday. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity boosted their target price on shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies boosted their target price on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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