iRobot Corp. (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 4,225 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $43.99, for a total transaction of $185,857.75. Following the sale, the executive vice president now directly owns 70,814 shares of the company’s stock, valued at approximately $3,115,107.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Glen Daniel Weinstein also recently made the following trade(s):
- On Wednesday, September 21st, Glen Daniel Weinstein sold 2,000 shares of iRobot Corp. stock. The stock was sold at an average price of $42.50, for a total transaction of $85,000.00.
- On Monday, August 8th, Glen Daniel Weinstein sold 1,000 shares of iRobot Corp. stock. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00.
iRobot Corp. (NASDAQ:IRBT) opened at 42.63 on Tuesday. The stock’s 50 day moving average price is $40.46 and its 200 day moving average price is $37.41. iRobot Corp. has a 1-year low of $28.02 and a 1-year high of $44.28. The stock has a market capitalization of $1.16 billion, a PE ratio of 30.67 and a beta of 1.59.
iRobot Corp. (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company earned $148.70 million during the quarter, compared to the consensus estimate of $148.10 million. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that iRobot Corp. will post $1.32 earnings per share for the current year.
Several large investors have recently bought and sold shares of IRBT. BlackRock Inc. increased its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock worth $112,000 after buying an additional 1,045 shares during the period. Teacher Retirement System of Texas increased its stake in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock worth $132,000 after buying an additional 364 shares during the period. Legal & General Group Plc increased its stake in iRobot Corp. by 11.4% in the first quarter. Legal & General Group Plc now owns 4,757 shares of the company’s stock worth $169,000 after buying an additional 487 shares during the period. Royal Bank of Canada increased its stake in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock worth $178,000 after buying an additional 2,737 shares during the period. Finally, Mason Street Advisors LLC purchased a new stake in iRobot Corp. during the second quarter worth $188,000. 77.40% of the stock is owned by institutional investors.
A number of research firms have weighed in on IRBT. Canaccord Genuity restated a “buy” rating and issued a $45.00 price target on shares of iRobot Corp. in a report on Wednesday, August 10th. JPMorgan Chase & Co. upgraded iRobot Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $46.00 price target (up previously from $42.00) on shares of iRobot Corp. in a report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.00.
iRobot Corp. Company Profile
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
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