iRobot Corporation (IRBT) EVP Sells $72,800.00 in Stock
iRobot Corporation (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 728 shares of iRobot Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $72,800.00. Following the completion of the transaction, the executive vice president now owns 68,355 shares of the company’s stock, valued at $6,835,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Glen Daniel Weinstein also recently made the following trade(s):
- On Friday, July 28th, Glen Daniel Weinstein sold 11,375 shares of iRobot Corporation stock. The stock was sold at an average price of $105.02, for a total value of $1,194,602.50.
Shares of iRobot Corporation (IRBT) traded down 3.81% during trading on Thursday, reaching $81.84. The company’s stock had a trading volume of 3,577,716 shares. The company’s 50-day moving average price is $98.19 and its 200 day moving average price is $84.46. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 40.14 and a beta of 1.18. iRobot Corporation has a 1-year low of $40.10 and a 1-year high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm had revenue of $183.14 million during the quarter, compared to analyst estimates of $174.65 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Analysts anticipate that iRobot Corporation will post $1.58 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Creative Planning raised its position in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares in the last quarter. PNC Financial Services Group Inc. raised its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares in the last quarter. Riverhead Capital Management LLC raised its position in iRobot Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares in the last quarter. FNY Partners Fund LP acquired a new position in iRobot Corporation in the second quarter worth about $143,000. Finally, Ameritas Investment Partners Inc. acquired a new position in iRobot Corporation in the first quarter worth about $153,000. 82.73% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on IRBT. BidaskClub downgraded iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Canaccord Genuity lifted their price target on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research note on Friday, July 28th. Piper Jaffray Companies lifted their price target on iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.63.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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