iRobot Corp. (NASDAQ:IRBT) CEO Colin M. Angle sold 113,950 shares of the company’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $44.70, for a total transaction of $5,093,565.00. Following the sale, the chief executive officer now directly owns 563,841 shares of the company’s stock, valued at $25,203,692.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

iRobot Corp. (NASDAQ:IRBT) traded up 2.23% during trading on Wednesday, reaching $45.91. 298,385 shares of the company’s stock traded hands. iRobot Corp. has a one year low of $28.02 and a one year high of $46.50. The company has a 50-day moving average price of $41.96 and a 200 day moving average price of $38.44. The firm has a market capitalization of $1.25 billion, a PE ratio of 33.03 and a beta of 1.60.

iRobot Corp. (NASDAQ:IRBT) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.10 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. iRobot Corp.’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its position in iRobot Corp. by 2.4% in the first quarter. Prudential Financial Inc. now owns 69,676 shares of the company’s stock worth $2,460,000 after buying an additional 1,600 shares during the last quarter. BlackRock Group LTD boosted its position in iRobot Corp. by 7.3% in the first quarter. BlackRock Group LTD now owns 34,102 shares of the company’s stock worth $1,203,000 after buying an additional 2,308 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iRobot Corp. by 116.4% in the first quarter. JPMorgan Chase & Co. now owns 43,358 shares of the company’s stock worth $1,530,000 after buying an additional 23,326 shares during the last quarter. First Republic Investment Management Inc. boosted its position in iRobot Corp. by 97.6% in the first quarter. First Republic Investment Management Inc. now owns 159,957 shares of the company’s stock worth $5,646,000 after buying an additional 78,997 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in iRobot Corp. by 6.9% in the second quarter. BNP Paribas Arbitrage SA now owns 27,948 shares of the company’s stock worth $980,000 after buying an additional 1,807 shares during the last quarter. 77.47% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on IRBT shares. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price objective (up from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. Benchmark Co. increased their price objective on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $45.00 price objective on shares of iRobot Corp. in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. iRobot Corp. presently has an average rating of “Hold” and an average target price of $39.88.

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.

5 Day Chart for NASDAQ:IRBT

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