iRobot Co. (NASDAQ:IRBT) COO Christian Cerda sold 14,177 shares of iRobot stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $122.88, for a total value of $1,742,069.76. Following the transaction, the chief operating officer now owns 63,336 shares of the company’s stock, valued at $7,782,727.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Christian Cerda also recently made the following trade(s):
- On Monday, January 7th, Christian Cerda sold 12,442 shares of iRobot stock. The stock was sold at an average price of $85.00, for a total value of $1,057,570.00.
Shares of IRBT opened at $123.98 on Wednesday. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.89 and a beta of 1.69. iRobot Co. has a fifty-two week low of $56.61 and a fifty-two week high of $132.88.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.33. The company had revenue of $384.67 million during the quarter, compared to the consensus estimate of $381.87 million. iRobot had a return on equity of 17.14% and a net margin of 8.05%. iRobot’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities research analysts anticipate that iRobot Co. will post 3.1 earnings per share for the current fiscal year.
IRBT has been the subject of several research reports. Dougherty & Co downgraded iRobot to a “hold” rating in a research report on Thursday, December 20th. ValuEngine upgraded iRobot from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Piper Jaffray Companies lifted their price objective on iRobot from $82.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, February 7th. Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price objective for the company. in a research report on Thursday, February 21st. They noted that the move was a valuation call. Finally, BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $96.33.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in iRobot by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,639,442 shares of the industrial products company’s stock valued at $290,128,000 after acquiring an additional 25,570 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in iRobot in the 3rd quarter valued at $2,473,000. Morgan Stanley raised its holdings in iRobot by 120.7% in the 3rd quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after acquiring an additional 450,642 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of iRobot during the 3rd quarter worth $891,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of iRobot during the 3rd quarter worth $220,000. Institutional investors own 98.50% of the company’s stock.
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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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