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.
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.
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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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