Insider Selling: iRobot Co. (IRBT) Director Sells 743 Shares of Stock

Share on StockTwits

iRobot Co. (NASDAQ:IRBT) Director Mohamad Ali sold 743 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.10, for a total value of $82,547.30. Following the sale, the director now directly owns 12,289 shares of the company’s stock, valued at $1,365,307.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mohamad Ali also recently made the following trade(s):

  • On Friday, July 13th, Mohamad Ali sold 542 shares of iRobot stock. The shares were sold at an average price of $80.94, for a total value of $43,869.48.

iRobot stock traded down $4.82 during mid-day trading on Thursday, hitting $110.18. The company’s stock had a trading volume of 13,751 shares, compared to its average volume of 840,581. The company has a market cap of $3.11 billion, a P/E ratio of 63.52, a P/E/G ratio of 2.40 and a beta of 1.47. iRobot Co. has a 52-week low of $55.77 and a 52-week high of $118.75.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.20. The firm had revenue of $226.30 million during the quarter, compared to the consensus estimate of $219.71 million. iRobot had a return on equity of 13.27% and a net margin of 5.90%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. research analysts forecast that iRobot Co. will post 2.43 earnings per share for the current year.

Several equities research analysts have recently commented on IRBT shares. BidaskClub downgraded iRobot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 21st. ValuEngine raised iRobot from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, July 5th. Canaccord Genuity reissued a “hold” rating and issued a $80.00 price objective on shares of iRobot in a research note on Friday, August 10th. Finally, Raymond James downgraded iRobot from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. iRobot currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Institutional investors have recently made changes to their positions in the stock. Modera Wealth Management LLC acquired a new position in iRobot in the 2nd quarter worth about $227,000. LLBH Private Wealth Management LLC acquired a new position in shares of iRobot during the 2nd quarter valued at about $231,000. UBS Group AG increased its holdings in shares of iRobot by 24.0% during the 1st quarter. UBS Group AG now owns 92,331 shares of the industrial products company’s stock valued at $5,927,000 after acquiring an additional 17,849 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of iRobot by 9.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 18,800 shares of the industrial products company’s stock valued at $1,207,000 after acquiring an additional 1,611 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of iRobot during the 1st quarter valued at about $368,000. 83.21% of the stock is owned by hedge funds and other institutional investors.

About iRobot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

Featured Article: How to Use a Moving Average for Trading 

Insider Buying and Selling by Quarter for iRobot (NASDAQ:IRBT)

Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply