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

iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle sold 11,765 shares of the company’s stock in a transaction on Monday, January 7th. The stock was 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 directly owns 406,283 shares of the company’s stock, valued at approximately $34,534,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ IRBT opened at $86.45 on Friday. iRobot Co. has a 12 month low of $55.77 and a 12 month high of $118.75. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.84, a P/E/G ratio of 1.41 and a beta of 1.73.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.64. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The company had revenue of $264.50 million for the quarter, compared to analysts’ expectations of $245.12 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. iRobot’s revenue for the quarter was up 28.8% compared to the same quarter last year. Equities research analysts forecast that iRobot Co. will post 2.69 EPS for the current fiscal year.



A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its position in iRobot by 4.3% in the fourth quarter. State of Alaska Department of Revenue now owns 9,253 shares of the industrial products company’s stock valued at $774,000 after buying an additional 379 shares during the last quarter. North Star Investment Management Corp. acquired a new position in iRobot in the fourth quarter valued at about $25,000. Vanguard Group Inc lifted its position in iRobot by 1.0% in the third quarter. Vanguard Group Inc now owns 2,639,442 shares of the industrial products company’s stock valued at $290,128,000 after buying an additional 25,570 shares during the last quarter. Vanguard Group Inc. lifted its position in iRobot by 1.0% in the third quarter. Vanguard Group Inc. now owns 2,639,442 shares of the industrial products company’s stock valued at $290,128,000 after buying an additional 25,570 shares during the last quarter. Finally, Morgan Stanley lifted its position in iRobot by 120.7% in the third quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after buying an additional 450,642 shares during the last quarter. 97.20% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday. BidaskClub cut shares of iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $89.40.

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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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