iRobot Co. (NASDAQ:IRBT) COO Christian Cerda sold 14,177 shares of iRobot stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $122.88, for a total value of $1,742,069.76. Following the completion of the transaction, the chief operating officer now owns 63,336 shares of the company’s stock, valued at $7,782,727.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Christian Cerda also recently made the following trade(s):

  • On Monday, January 7th, Christian Cerda sold 12,442 shares of iRobot stock. The stock was sold at an average price of $85.00, for a total value of $1,057,570.00.

Shares of NASDAQ IRBT opened at $125.47 on Friday. iRobot Co. has a 52-week low of $56.61 and a 52-week high of $132.88. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.75.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.33. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The firm had revenue of $384.67 million for the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter last year, the company posted $0.16 earnings per share. iRobot’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that iRobot Co. will post 3.1 EPS for the current fiscal year.

A number of research firms recently commented on IRBT. ValuEngine upgraded iRobot from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded iRobot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Canaccord Genuity cut shares of iRobot from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $114.00 in a report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a report on Thursday, February 21st. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $96.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in iRobot in the fourth quarter worth about $33,787,000. FMR LLC raised its holdings in shares of iRobot by 7.3% during the fourth quarter. FMR LLC now owns 2,589,072 shares of the industrial products company’s stock valued at $216,809,000 after buying an additional 176,245 shares during the last quarter. Amalgamated Bank raised its holdings in shares of iRobot by 127.5% during the fourth quarter. Amalgamated Bank now owns 4,211 shares of the industrial products company’s stock valued at $353,000 after buying an additional 2,360 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of iRobot by 130.9% during the fourth quarter. Macquarie Group Ltd. now owns 43,640 shares of the industrial products company’s stock valued at $3,654,000 after buying an additional 24,740 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of iRobot by 4.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,506 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 822 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

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iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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

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