iRobot Corporation (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 11,375 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $105.02, for a total value of $1,194,602.50. Following the transaction, the executive vice president now owns 80,458 shares of the company’s stock, valued at $8,449,699.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Glen Daniel Weinstein also recently made the following trade(s):
- On Tuesday, May 30th, Glen Daniel Weinstein sold 10,462 shares of iRobot Corporation stock. The stock was sold at an average price of $98.61, for a total value of $1,031,657.82.
Shares of iRobot Corporation (NASDAQ IRBT) opened at 103.28 on Wednesday. The stock has a market cap of $2.86 billion, a P/E ratio of 50.65 and a beta of 1.18. iRobot Corporation has a 1-year low of $38.19 and a 1-year high of $109.78. The company has a 50 day moving average price of $93.71 and a 200 day moving average price of $79.37.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.55. The company had revenue of $183.14 million during 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%. iRobot Corporation’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, equities analysts anticipate that iRobot Corporation will post $2.00 EPS for the current year.
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IRBT has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a report on Saturday, April 22nd. Canaccord Genuity reissued a “buy” rating and issued a $90.00 target price on shares of iRobot Corporation in a research note on Wednesday, April 26th. Zacks Investment Research raised iRobot Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, April 28th. Dougherty & Co lowered iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. Finally, BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.63.
A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of iRobot Corporation by 35.2% in the fourth quarter. AQR Capital Management LLC now owns 13,728 shares of the industrial products company’s stock worth $802,000 after buying an additional 3,572 shares during the period. Teachers Advisors LLC increased its position in shares of iRobot Corporation by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 44,233 shares of the industrial products company’s stock worth $2,585,000 after buying an additional 1,520 shares during the period. Macquarie Group Ltd. increased its position in shares of iRobot Corporation by 82.6% in the fourth quarter. Macquarie Group Ltd. now owns 45,100 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 20,400 shares during the period. Louisiana State Employees Retirement System increased its position in shares of iRobot Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $734,000 after buying an additional 200 shares during the period. Finally, Legato Capital Management LLC increased its position in shares of iRobot Corporation by 6,514.0% in the first quarter. Legato Capital Management LLC now owns 52,052 shares of the industrial products company’s stock worth $787,000 after buying an additional 51,265 shares during the period. 84.09% of the stock is owned by institutional investors.
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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