Insider Selling: iRobot Co. (IRBT) CEO Sells 16,272 Shares of Stock

Share on StockTwits

iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle sold 16,272 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $122.65, for a total value of $1,995,760.80. Following the completion of the sale, the chief executive officer now owns 449,629 shares in the company, valued at $55,146,996.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

A number of analysts have weighed in on IRBT shares. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, January 7th. ValuEngine upgraded iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Canaccord Genuity cut iRobot from a “buy” rating to a “hold” rating and decreased 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. Dougherty & Co cut iRobot to a “hold” rating in a report on Thursday, December 20th. Finally, Sidoti cut 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $96.33.

Hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. bought a new stake in shares of iRobot during the fourth quarter worth $25,000. Capital Investment Advisory Services LLC bought a new position in iRobot in the fourth quarter valued at about $39,000. Bruderman Asset Management LLC bought a new position in iRobot in the fourth quarter valued at about $58,000. Optimum Investment Advisors boosted its holdings in iRobot by 225.0% in the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in iRobot in the third quarter valued at about $127,000. Institutional investors own 97.16% of the company’s stock.

WARNING: This report was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4222535/insider-selling-irobot-co-irbt-ceo-sells-16272-shares-of-stock.html.

About iRobot

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.

Read More: 12b-1 Fees

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

Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week
Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges


© 2006-2019 Ticker Report