Russell J. Campanello Sells 48,582 Shares of iRobot Co. (IRBT) Stock

iRobot Co. (NASDAQ:IRBT) EVP Russell J. Campanello sold 48,582 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $110.63, for a total transaction of $5,374,626.66. Following the completion of the transaction, the executive vice president now owns 86,050 shares in the company, valued at $9,519,711.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of iRobot stock traded down $2.43 on Thursday, reaching $110.71. The company had a trading volume of 14,381 shares, compared to its average volume of 915,289. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 2.24 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 released its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.20. The business had revenue of $226.30 million for the quarter, compared to the consensus estimate of $219.71 million. iRobot had a net margin of 5.90% and a return on equity of 13.27%. The business’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. equities research analysts forecast that iRobot Co. will post 2.43 earnings per share for the current year.



Several institutional investors have recently added to or reduced their stakes in IRBT. Northern Trust Corp increased its stake in iRobot by 3.0% during the 2nd quarter. Northern Trust Corp now owns 361,127 shares of the industrial products company’s stock worth $27,363,000 after buying an additional 10,536 shares during the period. Sturgeon Ventures LLP increased its stake in iRobot by 6.6% during the 2nd quarter. Sturgeon Ventures LLP now owns 96,884 shares of the industrial products company’s stock worth $7,362,000 after buying an additional 5,984 shares during the period. Advisors Asset Management Inc. increased its stake in iRobot by 31.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,634 shares of the industrial products company’s stock worth $806,000 after buying an additional 2,553 shares during the period. Nomura Holdings Inc. increased its stake in iRobot by 3.3% during the 2nd quarter. Nomura Holdings Inc. now owns 57,858 shares of the industrial products company’s stock worth $4,384,000 after buying an additional 1,824 shares during the period. Finally, Global X Management Co LLC increased its stake in iRobot by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 572,553 shares of the industrial products company’s stock worth $43,382,000 after buying an additional 83,575 shares during the period. 83.21% of the stock is currently owned by institutional investors and hedge funds.

IRBT has been the topic of several recent analyst reports. BidaskClub lowered shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 21st. ValuEngine upgraded shares of iRobot from a “hold” rating to a “buy” rating in a report on Monday, August 20th. Canaccord Genuity reiterated a “hold” rating and issued a $80.00 target price on shares of iRobot in a report on Wednesday, July 25th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, July 5th. Finally, Raymond James downgraded shares of 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. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. iRobot has an average rating of “Hold” and an average target price of $74.00.

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.

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