iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle Sells 23,200 Shares of Stock

iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle sold 23,200 shares of the stock in a transaction dated Thursday, January 13th. The stock was sold at an average price of $70.04, for a total value of $1,624,928.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

IRBT stock opened at $66.80 on Friday. The company has a market capitalization of $1.80 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 5.56 and a beta of 1.23. iRobot Co. has a 52-week low of $63.37 and a 52-week high of $197.40. The business has a 50-day simple moving average of $74.46 and a two-hundred day simple moving average of $81.26.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 26th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.97. The business had revenue of $440.68 million during the quarter, compared to the consensus estimate of $417.04 million. iRobot had a return on equity of 8.84% and a net margin of 4.55%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.37 EPS. Equities research analysts expect that iRobot Co. will post 0.65 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in iRobot by 0.6% during the 3rd quarter. BlackRock Inc. now owns 5,159,556 shares of the industrial products company’s stock valued at $405,025,000 after purchasing an additional 31,356 shares during the last quarter. State Street Corp lifted its position in shares of iRobot by 4.5% during the 2nd quarter. State Street Corp now owns 910,493 shares of the industrial products company’s stock worth $85,031,000 after buying an additional 38,985 shares in the last quarter. Invesco Ltd. lifted its position in shares of iRobot by 2.4% during the 2nd quarter. Invesco Ltd. now owns 838,086 shares of the industrial products company’s stock worth $78,268,000 after buying an additional 19,649 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of iRobot by 25.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 390,740 shares of the industrial products company’s stock worth $30,673,000 after buying an additional 80,309 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of iRobot by 48.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 344,383 shares of the industrial products company’s stock worth $32,162,000 after buying an additional 111,688 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research downgraded iRobot from a “hold” rating to a “strong sell” rating and set a $58.00 price target for the company. in a report on Tuesday, January 4th. TheStreet downgraded iRobot from a “b-” rating to a “c+” rating in a research note on Tuesday, November 30th. Finally, Citigroup reduced their target price on iRobot from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, December 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.75.

About iRobot

iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.

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