Insider Selling: Russell Campanello Unloads 15,000 Shares of iRobot Corp. Stock (IRBT)
iRobot Corp. (NASDAQ:IRBT) SVP Russell Campanello sold 15,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $35.82, for a total value of $537,300.00. Following the completion of the sale, the senior vice president now directly owns 60,530 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on IRBT shares. Analysts at Susquehanna initiated coverage on shares of iRobot Corp. (NASDAQ:IRBT) in a research note to investors on Monday. They set a “positive” rating on the stock. Separately, analysts at Zacks upgraded shares of iRobot Corp. (NASDAQ:IRBT) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $41.60 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of iRobot Corp. (NASDAQ:IRBT) in a research note to investors on Thursday, July 25th. They now have a $39.00 price target on the stock, up previously from $32.00.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $34.12.
Shares of iRobot Corp. (NASDAQ:IRBT) traded down 1.33% on Friday, hitting $36.98. 434,248 shares of the company’s stock traded hands. iRobot Corp. has a 1-year low of $16.25 and a 1-year high of $41.12. The stock has a 50-day moving average of $33.84 and a 200-day moving average of $31.45. The company has a market cap of $1.060 billion and a price-to-earnings ratio of 41.51.
iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.11. The company had revenue of $130.40 million for the quarter, compared to the consensus estimate of $128.90 million. During the same quarter last year, the company posted $0.26 earnings per share. iRobot Corp.’s revenue was up 17.1% compared to the same quarter last year. Analysts expect that iRobot Corp. will post $0.98 EPS for the current fiscal year.
iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.
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