iRobot Corporation (NASDAQ:IRBT) CEO Colin M. Angle sold 5,886 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the sale, the chief executive officer now owns 489,463 shares of the company’s stock, valued at approximately $51,980,970.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of iRobot Corporation (NASDAQ IRBT) traded down 0.65% on Wednesday, hitting $104.61. 461,668 shares of the stock traded hands. The firm has a market capitalization of $2.88 billion, a PE ratio of 51.30 and a beta of 1.18. The firm’s 50 day moving average is $92.86 and its 200 day moving average is $76.95. iRobot Corporation has a 52 week low of $38.19 and a 52 week high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. On average, analysts expect that iRobot Corporation will post $2.00 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in iRobot Corporation by 333.9% in the first quarter. Wells Fargo & Company MN now owns 202,817 shares of the industrial products company’s stock valued at $13,415,000 after buying an additional 156,075 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in iRobot Corporation by 2,071.4% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 96,302 shares of the industrial products company’s stock valued at $6,369,000 after buying an additional 91,867 shares in the last quarter. Russell Investments Group Ltd. increased its position in iRobot Corporation by 5.8% in the first quarter. Russell Investments Group Ltd. now owns 226,131 shares of the industrial products company’s stock valued at $14,955,000 after buying an additional 12,466 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in iRobot Corporation during the first quarter valued at approximately $351,000. Finally, Fisher Asset Management LLC increased its position in iRobot Corporation by 39.3% in the first quarter. Fisher Asset Management LLC now owns 28,883 shares of the industrial products company’s stock valued at $1,910,000 after buying an additional 8,150 shares in the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.
Several research firms have weighed in on IRBT. Zacks Investment Research lowered shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity upped their price objective 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. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies upped their price objective 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. Finally, Dougherty & Co lowered shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock 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.
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