Insider Selling: iRobot Co. (NASDAQ:IRBT) Director Sells $15,327.20 in Stock

iRobot Co. (NASDAQ:IRBT) Director Ruey Bin Kao sold 170 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $90.16, for a total value of $15,327.20. Following the completion of the transaction, the director now directly owns 4,460 shares of the company’s stock, valued at approximately $402,113.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:IRBT opened at $90.82 on Friday. The firm has a market cap of $2.53 billion, a P/E ratio of 28.48, a PEG ratio of 1.40 and a beta of 1.61. The firm’s 50 day moving average price is $89.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 1.97. iRobot Co. has a fifty-two week low of $70.86 and a fifty-two week high of $132.88.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. The business had revenue of $237.66 million during the quarter, compared to the consensus estimate of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, research analysts expect that iRobot Co. will post 3.16 EPS for the current fiscal year.



Several research analysts have recently issued reports on IRBT shares. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Needham & Company LLC set a $12.00 price objective on Niu Technologies and gave the company a “buy” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on Commerzbank and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Citigroup set a $95.00 target price on shares of iRobot and gave the company a “hold” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. iRobot currently has an average rating of “Hold” and an average price target of $109.36.

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of iRobot by 10.3% during the 4th quarter. LPL Financial LLC now owns 12,730 shares of the industrial products company’s stock worth $1,066,000 after buying an additional 1,191 shares during the period. California Public Employees Retirement System grew its position in shares of iRobot by 25.9% during the 4th quarter. California Public Employees Retirement System now owns 30,221 shares of the industrial products company’s stock worth $2,531,000 after buying an additional 6,221 shares during the period. BlackRock Inc. grew its position in shares of iRobot by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,943,958 shares of the industrial products company’s stock worth $330,267,000 after buying an additional 38,284 shares during the period. Texas Permanent School Fund grew its position in shares of iRobot by 5.1% during the 4th quarter. Texas Permanent School Fund now owns 18,118 shares of the industrial products company’s stock worth $1,517,000 after buying an additional 874 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of iRobot by 8.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 37,149 shares of the industrial products company’s stock worth $2,872,000 after buying an additional 2,987 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

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 stairs.

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

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