iRobot Co. (NASDAQ:IRBT) CFO Alison Dean sold 23,625 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $126.12, for a total transaction of $2,979,585.00. Following the transaction, the chief financial officer now directly owns 68,765 shares of the company’s stock, valued at approximately $8,672,641.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of iRobot stock opened at $122.76 on Thursday. iRobot Co. has a 1 year low of $56.61 and a 1 year high of $132.88. The firm has a market cap of $3.37 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.01 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 Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, analysts forecast that iRobot Co. will post 3.1 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IRBT. Mirae Asset Global Investments Co. Ltd. increased its holdings in iRobot by 3,777.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 710,377 shares of the industrial products company’s stock valued at $78,082,000 after buying an additional 692,057 shares in the last quarter. Morgan Stanley increased its holdings in iRobot by 120.7% in the third quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after buying an additional 450,642 shares in the last quarter. Norges Bank purchased a new position in iRobot in the fourth quarter valued at $33,787,000. FMR LLC increased its holdings in iRobot by 14.6% in the third quarter. FMR LLC now owns 2,412,827 shares of the industrial products company’s stock valued at $265,217,000 after buying an additional 306,920 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in iRobot by 7.8% in the third quarter. Primecap Management Co. CA now owns 4,161,600 shares of the industrial products company’s stock valued at $457,443,000 after buying an additional 300,600 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

IRBT has been the subject of several recent research reports. Dougherty & Co cut shares of iRobot to a “hold” rating in a report on Thursday, December 20th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 target price for the company in a report on Monday, December 31st. ValuEngine cut shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Piper Jaffray Companies raised their target price on shares of iRobot from $82.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, February 7th. Finally, BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $101.65.

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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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