Insider Selling: Glen Daniel Weinstein Sells 1,500 Shares of iRobot Stock (IRBT)
iRobot (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 1,500 shares of iRobot stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the sale, the executive vice president now directly owns 59,727 shares in the company, valued at approximately $1,930,974. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of iRobot (NASDAQ:IRBT) traded up 3.89% during mid-day trading on Thursday, hitting $32.28. The stock had a trading volume of 1,067,418 shares. iRobot has a 52 week low of $28.90 and a 52 week high of $48.36. The stock’s 50-day moving average is $34.35 and its 200-day moving average is $37.3. The company has a market cap of $954.0 million and a price-to-earnings ratio of 37.30.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $142.51 million. During the same quarter last year, the company posted $0.28 earnings per share. iRobot’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that iRobot will post $1.15 EPS for the current fiscal year.
IRBT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of iRobot in a research note on Tuesday, August 19th. They now have a $36.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, July 17th. They now have a $36.50 price target on the stock, up previously from $33.00. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.75.
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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