1,986 Shares in iRobot Co. (IRBT) Acquired by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado purchased a new stake in shares of iRobot Co. (NASDAQ:IRBT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,986 shares of the industrial products company’s stock, valued at approximately $152,000.
Several other hedge funds have also recently modified their holdings of IRBT. Flagship Harbor Advisors LLC acquired a new position in shares of iRobot during the 4th quarter valued at $236,000. Kovack Advisors Inc. acquired a new position in shares of iRobot during the 4th quarter valued at $246,000. Trexquant Investment LP acquired a new position in shares of iRobot during the 3rd quarter valued at $287,000. Verition Fund Management LLC acquired a new position in shares of iRobot during the 2nd quarter valued at $306,000. Finally, Alps Advisors Inc. acquired a new position in shares of iRobot during the 3rd quarter valued at $359,000. Institutional investors own 86.58% of the company’s stock.
iRobot Co. (NASDAQ IRBT) opened at $65.28 on Wednesday. The stock has a market capitalization of $1,855.29, a price-to-earnings ratio of 34.40, a P/E/G ratio of 1.91 and a beta of 0.94. iRobot Co. has a 1-year low of $55.75 and a 1-year high of $109.78.
Several equities analysts have recently issued reports on the company. Sidoti cut iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “neutral” rating on shares of iRobot in a research report on Thursday, February 8th. Zacks Investment Research cut iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. upgraded iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. iRobot currently has a consensus rating of “Hold” and a consensus price target of $68.80.
In related news, CEO Colin M. Angle sold 45,200 shares of iRobot stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the transaction, the chief executive officer now directly owns 534,663 shares in the company, valued at approximately $42,805,119.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Miller sold 441 shares of iRobot stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the transaction, the director now owns 4,670 shares in the company, valued at $374,113.70. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.
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iRobot 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.
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