iRobot Co. (IRBT) COO Sells $1057570.00 in Stock

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on … iRobot Corporation designs, builds, and sells robots for the consumer market …

iRobot logoiRobot Co. (NASDAQ:IRBT) COO Christian Cerda sold 12,442 shares of the firm’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $85.00, for a total value of $1,057,570.00. Following the transaction, the chief operating officer now directly owns 53,797 shares in the company, valued at approximately $4,572,745. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ IRBT opened at $86.44 on Friday. iRobot Co. has a 52-week low of $55.77 and a 52-week high of $118.75. The stock has a market cap of $2.44 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.49 and a beta of 1.73.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.64. iRobot had a return on equity of 15.95% and a net margin of 6.52%. The firm had revenue of $264.50 million for the quarter, compared to analyst estimates of $245.12 million. During the same quarter last year, the company posted $0.76 earnings per share. The business’s revenue was up 28.8% on a year-over-year basis. As a group, analysts expect that iRobot Co. will post 2.69 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its holdings in iRobot by 7.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,161,600 shares of the industrial products company’s stock valued at $457,443,000 after purchasing an additional 300,600 shares in the last quarter. Vanguard Group Inc. boosted 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 purchasing an additional 25,570 shares in the last quarter. Vanguard Group Inc boosted 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 purchasing an additional 25,570 shares in the last quarter. FMR LLC boosted its holdings in iRobot by 14.6% in the 3rd quarter. FMR LLC now owns 2,412,827 shares of the industrial products company’s stock valued at $265,217,000 after purchasing an additional 306,920 shares in the last quarter. Finally, Morgan Stanley boosted 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 purchasing an additional 450,642 shares in the last quarter. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on IRBT shares. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, October 26th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Tuesday, October 16th. BidaskClub lowered iRobot from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Needham & Company LLC raised iRobot from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, October 24th. Finally, Canaccord Genuity started coverage on iRobot in a report on Monday, November 5th. They set a “buy” rating and a $115.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $89.40.

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iRobot Company Profile

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 stair.

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