iRobot Co. (NASDAQ:IRBT) EVP Timothy Saeger Sells 3,299 Shares of Stock

iRobot Co. (NASDAQ:IRBT) EVP Timothy Saeger sold 3,299 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $80.00, for a total value of $263,920.00. Following the sale, the executive vice president now directly owns 24,118 shares in the company, valued at approximately $1,929,440. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ IRBT opened at $84.68 on Wednesday. The firm has a market capitalization of $2.34 billion, a P/E ratio of 24.77, a P/E/G ratio of 3.29 and a beta of 1.61. The stock’s 50-day simple moving average is $73.59 and its two-hundred day simple moving average is $65.93. iRobot Co. has a twelve month low of $32.79 and a twelve month high of $89.26.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 21st. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.77. The business had revenue of $279.88 million for the quarter, compared to analyst estimates of $264.48 million. iRobot had a return on equity of 9.55% and a net margin of 8.08%. On average, sell-side analysts expect that iRobot Co. will post 1.56 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in IRBT. FMR LLC increased its position in shares of iRobot by 3,500.7% during the 2nd quarter. FMR LLC now owns 907,477 shares of the industrial products company’s stock valued at $76,137,000 after purchasing an additional 882,274 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iRobot by 66.3% during the 1st quarter. Bank of New York Mellon Corp now owns 543,181 shares of the industrial products company’s stock valued at $22,217,000 after purchasing an additional 216,640 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of iRobot during the 1st quarter valued at about $8,716,000. Advisor Group Holdings Inc. bought a new position in shares of iRobot during the 1st quarter valued at about $395,000. Finally, Maverick Capital Ltd. increased its position in shares of iRobot by 200.4% during the 1st quarter. Maverick Capital Ltd. now owns 178,045 shares of the industrial products company’s stock valued at $7,282,000 after purchasing an additional 118,780 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

A number of analysts recently issued reports on IRBT shares. JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $65.00 in a report on Tuesday, May 26th. Colliers Secur. cut iRobot from a “buy” rating to a “neutral” rating in a report on Thursday, July 23rd. BidaskClub raised iRobot from a “hold” rating to a “buy” rating in a report on Thursday, August 20th. Northland Securities increased their price objective on iRobot from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, Piper Sandler increased their price objective on iRobot from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.88.

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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