iRobot Corp. (NASDAQ:IRBT) CEO Colin M. Angle sold 113,950 shares of the business’s stock in a transaction dated Tuesday, October 18th. The stock was 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 owns 563,841 shares in the company, valued at $25,203,692.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of 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 1-year low of $28.02 and a 1-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 stock 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 released 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. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, equities analysts forecast that iRobot Corp. will post $1.32 EPS for the current fiscal year.
A number of analysts have issued reports on the stock. Benchmark Co. boosted their price target on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity restated a “buy” rating and set a $45.00 target price on shares of iRobot Corp. in a research note on Wednesday, August 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $46.00 target price (up from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.88.
Several institutional investors have recently added to or reduced their stakes in IRBT. BlackRock Inc. raised its position in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares in the last quarter. Teacher Retirement System of Texas raised its position in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares in the last quarter. Royal Bank of Canada raised its position in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares in the last quarter. Mason Street Advisors LLC purchased a new position in iRobot Corp. during the second quarter valued at $188,000. Finally, Profund Advisors LLC raised its position in iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock valued at $235,000 after buying an additional 153 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.
iRobot Corp. Company Profile
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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