Alison Dean Sells 33,809 Shares of iRobot Corporation (IRBT) Stock
iRobot Corporation (NASDAQ:IRBT) CFO Alison Dean sold 33,809 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the completion of the sale, the chief financial officer now owns 82,609 shares of the company’s stock, valued at approximately $8,260,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alison Dean also recently made the following trade(s):
- On Monday, July 24th, Alison Dean sold 17,646 shares of iRobot Corporation stock. The shares were sold at an average price of $90.00, for a total value of $1,588,140.00.
Shares of iRobot Corporation (IRBT) traded down 3.81% during midday trading on Thursday, reaching $81.84. The company had a trading volume of 3,577,716 shares. The firm has a market cap of $2.26 billion, a P/E ratio of 40.14 and a beta of 1.18. The company’s 50-day moving average is $98.19 and its 200-day moving average is $84.46. iRobot Corporation has a 52-week low of $40.10 and a 52-week high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The business had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that iRobot Corporation will post $1.58 EPS for the current fiscal year.
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Several brokerages have recently commented on IRBT. BidaskClub downgraded iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research downgraded iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 31st. Canaccord Genuity upped their target price on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, July 27th. Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. Finally, Piper Jaffray Companies upped their target price on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Two investment 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 stock currently has an average rating of “Hold” and a consensus target price of $73.63.
Hedge funds have recently bought and sold shares of the business. Creative Planning lifted its holdings in iRobot Corporation by 14.0% during the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 162 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in iRobot Corporation by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 665 shares in the last quarter. FNY Partners Fund LP bought a new position in iRobot Corporation during the second quarter worth about $143,000. NEXT Financial Group Inc lifted its holdings in iRobot Corporation by 6.2% during the second quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 110 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in iRobot Corporation by 16.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.
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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