iRobot Corp. (NASDAQ:IRBT) CFO Alison Dean sold 11,000 shares of iRobot Corp. stock in a transaction that occurred 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 in the company, valued at approximately $3,649,233.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 43.10 on Monday. iRobot Corp. has a 12 month low of $28.02 and a 12 month high of $45.01. The company has a 50-day moving average price of $41.32 and a 200-day moving average price of $37.97. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 31.01 and a beta of 1.59.
iRobot Corp. (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The business earned $148.70 million during the quarter, compared to analyst estimates of $148.10 million. During the same period in the prior year, the company earned $0.24 earnings per share. iRobot Corp.’s revenue was down .1% compared to the same quarter last year. Analysts forecast that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. raised its position in shares of iRobot Corp. by 2.4% in the first quarter. Prudential Financial Inc. now owns 69,676 shares of the company’s stock valued at $2,460,000 after buying an additional 1,600 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of iRobot Corp. by 6.9% in the second quarter. BNP Paribas Arbitrage SA now owns 27,948 shares of the company’s stock valued at $980,000 after buying an additional 1,807 shares during the period. Legal & General Group Plc raised its position in shares of iRobot Corp. by 11.4% in the first quarter. Legal & General Group Plc now owns 4,757 shares of the company’s stock valued at $169,000 after buying an additional 487 shares during the period. First National Bank of Omaha purchased a new position in shares of iRobot Corp. during the second quarter valued at $517,000. Finally, Oxford Asset Management purchased a new position in shares of iRobot Corp. during the second quarter valued at $1,059,000. 77.39% of the stock is owned by institutional investors and hedge funds.
IRBT has been the topic of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $45.00 target price on shares of iRobot Corp. in a research report on Wednesday, August 10th. Needham & Company LLC reissued a “buy” rating and issued a $46.00 target price (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. iRobot Corp. presently has an average rating of “Hold” and an average target price of $39.00.
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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