iRobot Corporation (NASDAQ:IRBT) Director Ronald Chwang sold 10,000 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total transaction of $927,100.00. Following the transaction, the director now directly owns 12,630 shares in the company, valued at $1,170,927.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

iRobot Corporation (IRBT) opened at 96.70 on Friday. The firm has a 50-day moving average of $96.89 and a 200 day moving average of $82.34. iRobot Corporation has a 12-month low of $38.19 and a 12-month high of $109.78. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 47.43 and a beta of 1.19.

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

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-irobot-corporation-irbt-director-sells-927100-00-in-stock/1537483.html.

Several large investors have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after buying an additional 162 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after buying an additional 277 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of iRobot Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after buying an additional 665 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of iRobot Corporation by 14.0% in the first quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock worth $142,000 after buying an additional 219 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of iRobot Corporation during the second quarter worth approximately $143,000. 82.73% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on IRBT shares. Zacks Investment Research lowered shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub lowered shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Canaccord Genuity lowered shares of iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Wednesday, May 31st. They noted that the move was a valuation call. Piper Jaffray Companies lifted their price target on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co lowered shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.63.

About iRobot Corporation

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)

Receive News & Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.