iRobot Co. (IRBT) CEO Sells $1,000,025.00 in Stock

iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle sold 11,765 shares of iRobot stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,000,025.00. Following the sale, the chief executive officer now owns 406,283 shares of the company’s stock, valued at $34,534,055. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ:IRBT opened at $86.45 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 48.84, a PEG ratio of 1.41 and a beta of 1.73. iRobot Co. has a 1-year low of $55.77 and a 1-year high of $118.75.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.64. The firm had revenue of $264.50 million during the quarter, compared to analyst estimates of $245.12 million. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, sell-side analysts anticipate that iRobot Co. will post 2.69 earnings per share for the current year.

IRBT has been the subject of several recent research reports. Piper Jaffray Companies cut their target price on shares of iRobot to $82.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Zacks Investment Research lowered shares of iRobot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Dougherty & Co reaffirmed a “neutral” rating on shares of iRobot in a report on Wednesday, October 24th. BidaskClub lowered shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Canaccord Genuity initiated coverage on shares of iRobot in a report on Monday, November 5th. They set a “buy” rating and a $115.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $89.40.

Hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. purchased a new stake in iRobot in the 4th quarter worth $25,000. PNC Financial Services Group Inc. increased its holdings in iRobot by 74.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 663 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in iRobot in the 3rd quarter worth $121,000. Stratos Wealth Partners LTD. purchased a new stake in iRobot in the 3rd quarter worth $127,000. Finally, Strs Ohio purchased a new stake in iRobot in the 3rd quarter worth $175,000. 97.20% of the stock is owned by institutional investors.

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iRobot Company Profile

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.

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

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