Insider Trading Trends At iRobot Corporation (IRBT)

The insider sell/buy ratio of iRobot Corporation (NASDAQ:IRBT) is recorded at 7, pointing to bearish feelings about the stock among corporate …

The insider sell/buy ratio of iRobot Corporation (NASDAQ:IRBT) is recorded at 7, pointing to bearish feelings about the stock among corporate executives and directors. IRBT recorded 7 sales on the open market in the last three months. They sold nearly 131,450 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 408,655 shares when buyers snapped up 119,184 shares. The 12-month’s totals signify about a 3.43-to-1 sell/buy ratio.

Campanello Russell J parted with a total of 7.99 thousand shares of iRobot Corporation (IRBT) at average share price of $101. This insider trade in the company took place on 02/07/2019. The total for the sales was set at $807.29 thousand. After this transaction, the EVP Human Resources, Corp Comm account balance stood at 35.75 thousand shares. The stock grew 5.2 percent since that insider sale. On 01/07/2019, Cerda Christian, COO, sold 12.44 thousand shares at a price per share of $85. This removed 1.06 million shares from the insider’s fortune and the stock saw a 25 percent rally in value since the news became public. This transaction left 46.56 thousand shares in the COO account.

On 01/07/2019, CEO Angle Colin M performed a sale transaction worth $1 million. This sale at $85 each has eliminated 11.77 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 25 percent increase since the transaction was reported. The insider now is left with 406.28 thousand shares remaining in the account. Angle Colin M, who performs the CEO job, sold 24.74 thousand shares for $2 million. The disposal occurred on 01/02/2019 was priced at $80.85 per share. The share price soared 31.42 percent since the reporting date. Angle Colin M now left with a stake of 418.05 thousand IRBT stock worth $44.42 million after the insider selling.

The 12-month median price target for iRobot Corporation (IRBT) assigned by the analysts stands at $112, which represents a return potential of 5.41 percent when compared to the closing price of the stock of $106.25 on Monday, February 11. The lowest price target for the stock is $88 — slightly more than -17.18 percent from IRBT’s current share price. The stock will probably climb -3.84 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $119 price as 12-month high target. This represents a whopping 12 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 73.65 on daily chart, which may remain a cause for concern. If the price breaks below $103.03 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $107.32 mark may result into a pull-back move towards $108.39 level. The stock is currently hovering around the first support level of $104.64. Below this, the next support is placed in the zone of $103.03. Till the time, the IRBT stock trades above this level, bulls have nothing to fear.

Shares of iRobot Corporation (IRBT) are trading at a P/E ratio of 33.86 times earnings reported for the past 12 months. The industry IRBT operates in has an average P/E of 19.22. Its P/E ratio went as low as 24.15X and as high as 39.43 over the 5-year span. Further, it is sporting a 2.67 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.82. 50.8 percent is the gross profit margin for iRobot Corporation and operating margin sits at 7.8 percent. Along with this, the net profit margin is 5.3 percent.

On 11th of February, iRobot Corporation (NASDAQ:IRBT) shares ended higher after a volatile session. The shares accumulated 2.08 points or 2 percent at $106.25 with a light trade volume of 1.006 million shares. After opening the session at $105.5, the shares went as high as $106.78 and as low as $104.1, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $2.92 billion and now has 27.49 million shares outstanding. iRobot Corporation (IRBT) stock has gained 22.9 percent of market value in 21 trading days.

In last reported earnings results, IRBT earned $1.12 per share, better than the $0.48, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $385M, better than the $381M analysts expected. Earnings are estimated to increase by 47.5 percent this year, 27.72 percent next year and continue to increase by 18 percent annually for the next 5 years. Investors will get their next glimpse of IRBT’s Q1 earnings on April 23. Analysts are forecasting revenue to climb 16.6 percent to $381M in the next fiscal quarter, while earnings are seen soaring by nearly 212.5 percent to $0.5 per share. History has shown that shares in iRobot Corporation have gone down on 21 different earnings reaction days and are predicted to add 0.12 percent when the company reports upcoming earnings.

IRBT stock has a trailing 3-year beta of 1.62, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.08 a share in the trailing twelve months. The stock’s value has surged 26.88 percent year to date (YTD) against a rise of 77.68 percent in 12 month’s time. The company’s shares still trade -10.53 percent away from its 1-year high of $118.75 and 90.51 percent up from 52-week low of $55.77. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

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