iRobot Corporation (NASDAQ:IRBT) EVP Russell J. Campanello sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the sale, the executive vice president now owns 82,434 shares of the company’s stock, valued at $7,006,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

iRobot Corporation (NASDAQ:IRBT) opened at 83.99 on Monday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 43.18 and a beta of 1.14. The firm’s 50-day moving average is $95.98 and its 200 day moving average is $71.29. iRobot Corporation has a 12 month low of $35.80 and a 12 month high of $104.61.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.26. iRobot Corporation had a net margin of 7.79% and a return on equity of 14.03%. The firm had revenue of $168.47 million during the quarter, compared to the consensus estimate of $155.86 million. During the same period last year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, analysts expect that iRobot Corporation will post $1.67 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anderson Hoagland & Co. increased its position in shares of iRobot Corporation by 55.9% in the first quarter. Anderson Hoagland & Co. now owns 17,580 shares of the industrial products company’s stock valued at $1,163,000 after buying an additional 6,300 shares during the last quarter. Legato Capital Management LLC increased its position in shares of iRobot Corporation by 6,514.0% in the first quarter. Legato Capital Management LLC now owns 52,052 shares of the industrial products company’s stock valued at $787,000 after buying an additional 51,265 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of iRobot Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $734,000 after buying an additional 200 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of iRobot Corporation by 82.6% in the fourth quarter. Macquarie Group Ltd. now owns 45,100 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 20,400 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of iRobot Corporation by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 44,233 shares of the industrial products company’s stock valued at $2,585,000 after buying an additional 1,520 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on IRBT shares. Zacks Investment Research upgraded iRobot Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price target on shares of iRobot Corporation in a research note on Wednesday, April 26th. Dougherty & Co cut iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. Finally, BidaskClub cut iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.71.

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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