Timber Hill LLC decreased its position in shares of iRobot Corporation (NASDAQ:IRBT) by 65.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,612 shares of the industrial products company’s stock after selling 8,834 shares during the period. Timber Hill LLC’s holdings in iRobot Corporation were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC boosted its position in shares of iRobot Corporation by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 113,112 shares of the industrial products company’s stock worth $4,975,000 after buying an additional 1,129 shares during the period. Hussman Strategic Advisors Inc. bought a new position in shares of iRobot Corporation during the third quarter worth about $2,199,000. FMR LLC boosted its position in shares of iRobot Corporation by 8.7% in the fourth quarter. FMR LLC now owns 739,174 shares of the industrial products company’s stock worth $43,205,000 after buying an additional 59,000 shares during the period. State Street Corp boosted its position in shares of iRobot Corporation by 6.2% in the fourth quarter. State Street Corp now owns 589,677 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 34,477 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of 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 worth $13,415,000 after buying an additional 156,075 shares during the period. Institutional investors and hedge funds own 87.83% of the company’s stock.

Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

Shares of iRobot Corporation (NASDAQ IRBT) traded down 1.74% during midday trading on Friday, hitting $96.27. 1,599,047 shares of the stock were exchanged. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 49.50 and a beta of 1.11. The firm’s 50-day moving average is $92.92 and its 200-day moving average is $68.76. iRobot Corporation has a 12 month low of $33.90 and a 12 month high of $104.61.

iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.26. The business had revenue of $168.47 million for the quarter, compared to the consensus estimate of $155.86 million. iRobot Corporation had a net margin of 7.79% and a return on equity of 14.03%. The business’s revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts predict that iRobot Corporation will post $1.67 earnings per share for the current year.

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IRBT has been the topic of several recent analyst reports. Zacks Investment Research cut iRobot Corporation from a “hold” rating to a “sell” rating in a research note on Monday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $90.00 price objective on shares of iRobot Corporation in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. iRobot Corporation presently has an average rating of “Hold” and a consensus price target of $65.71.

In related news, Director Ronald Chwang sold 3,397 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $84.17, for a total value of $285,925.49. Following the completion of the transaction, the director now owns 24,519 shares in the company, valued at $2,063,764.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 10,462 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $98.61, for a total transaction of $1,031,657.82. Following the completion of the transaction, the executive vice president now owns 75,308 shares of the company’s stock, valued at approximately $7,426,121.88. The disclosure for this sale can be found here. Insiders sold a total of 108,840 shares of company stock worth $10,204,598 over the last three months. Insiders own 5.53% of the company’s stock.

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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