Insider Selling: Glen Daniel Weinstein Sells 1,500 Shares of iRobot Corp. Stock (IRBT)
iRobot Corp. (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $35.37, for a total value of $53,055.00. Following the sale, the executive vice president now directly owns 60,703 shares in the company, valued at approximately $2,147,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
iRobot Corp. (NASDAQ:IRBT) traded down 3.57% on Monday, hitting $34.08. 635,123 shares of the company’s stock traded hands. iRobot Corp. has a 1-year low of $19.91 and a 1-year high of $41.12. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $34.80. The company has a market cap of $983.7 million and a P/E ratio of 55.13.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of iRobot Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 27th. Separately, analysts at Raymond James upgraded shares of iRobot Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Tuesday, December 17th. They now have a $39.00 price target on the stock, up previously from $5.80. Finally, analysts at Sidoti upgraded shares of iRobot Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $33.77.
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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