iRobot Corp. (IRBT) CFO Alison Dean Sells 11,000 Shares
iRobot Corp. (NASDAQ:IRBT) CFO Alison Dean sold 11,000 shares of iRobot Corp. stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $43.42, for a total value of $477,620.00. Following the completion of the sale, the chief financial officer now directly owns 84,045 shares of the company’s stock, valued at $3,649,233.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 43.09 on Wednesday. The firm’s 50-day moving average price is $41.05 and its 200-day moving average price is $37.83. iRobot Corp. has a one year low of $28.02 and a one year high of $44.67. The stock has a market capitalization of $1.17 billion, a P/E ratio of 31.00 and a beta of 1.60.
iRobot Corp. (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.10 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that iRobot Corp. will post $1.32 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $45.00 target price on shares of iRobot Corp. in a report on Wednesday, August 10th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 target price (up from $42.00) on shares of iRobot Corp. in a report on Friday, September 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.00.
Several hedge funds and other institutional investors have recently modified their holdings of IRBT. BlackRock Inc. increased its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock worth $112,000 after buying an additional 1,045 shares during the last quarter. Teacher Retirement System of Texas increased its stake in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock worth $132,000 after buying an additional 364 shares during the last quarter. Legal & General Group Plc increased its stake in iRobot Corp. by 11.4% in the first quarter. Legal & General Group Plc now owns 4,757 shares of the company’s stock worth $169,000 after buying an additional 487 shares during the last quarter. Royal Bank of Canada increased its stake in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock worth $178,000 after buying an additional 2,737 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in iRobot Corp. during the second quarter worth approximately $188,000. 77.40% of the stock is currently owned by institutional investors.
About iRobot Corp.
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
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