iRobot Corporation (NASDAQ:IRBT) Director Ronald Chwang Sells 10,000 Shares

iRobot Corporation (NASDAQ:IRBT) Director Ronald Chwang sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total value of $927,100.00. Following the completion of the sale, the director now owns 12,630 shares of the company’s stock, valued at $1,170,927.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ronald Chwang also recently made the following trade(s):

  • On Tuesday, August 1st, Ronald Chwang sold 3,243 shares of iRobot Corporation stock. The shares were sold at an average price of $106.32, for a total value of $344,795.76.

Shares of iRobot Corporation (NASDAQ IRBT) traded down 2.49% on Friday, reaching $79.81. The company’s stock had a trading volume of 2,628,834 shares. iRobot Corporation has a 52 week low of $40.22 and a 52 week high of $109.78. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 39.14 and a beta of 1.18. The stock has a 50-day moving average of $97.47 and a 200 day moving average of $84.61.

iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 23.2% on a year-over-year basis. On average, analysts expect that iRobot Corporation will post $1.58 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its holdings in iRobot Corporation by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 162 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in iRobot Corporation by 16.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 277 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in iRobot Corporation by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 665 shares in the last quarter. NEXT Financial Group Inc increased its holdings in iRobot Corporation by 14.0% during the 1st quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 219 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new stake in iRobot Corporation during the 2nd quarter valued at $143,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

IRBT has been the subject of a number of research analyst reports. Canaccord Genuity downgraded iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Wednesday, May 31st. They noted that the move was a valuation call. Zacks Investment Research downgraded iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. BidaskClub downgraded iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies upped their price objective on iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $73.63.

iRobot Corporation Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

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

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