iRobot Corp. (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 2,000 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $42.50, for a total value of $85,000.00. Following the completion of the sale, the executive vice president now owns 67,589 shares of the company’s stock, valued at $2,872,532.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Glen Daniel Weinstein also recently made the following trade(s):
- 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 value of $40,000.00.
iRobot Corp. (NASDAQ:IRBT) opened at 42.67 on Monday. The firm has a market capitalization of $1.16 billion, a PE ratio of 30.70 and a beta of 1.59. iRobot Corp. has a 12 month low of $28.02 and a 12 month high of $44.28. The company’s 50-day moving average price is $40.38 and its 200 day moving average price is $37.26.
iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, equities research analysts predict that iRobot Corp. will post $1.32 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target (up from $42.00) on shares of iRobot Corp. in a report on Friday, September 16th. Canaccord Genuity reiterated a “buy” rating and set a $45.00 price objective on shares of iRobot Corp. in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. upgraded iRobot Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. iRobot Corp. currently has an average rating of “Hold” and an average target price of $39.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of 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 in the last quarter. Teacher Retirement System of Texas raised its stake in shares of 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 in the last quarter. Legal & General Group Plc raised its stake in shares of 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 in the last quarter. Royal Bank of Canada raised its stake in shares of 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 in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in shares of iRobot Corp. during the second quarter worth approximately $188,000. 77.40% of the stock is currently owned by institutional investors.
About iRobot Corp.
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.
Receive News & Ratings for iRobot Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corp. and related companies with MarketBeat.com's FREE daily email newsletter.