Published On: Tue, Sep 13th, 2016

Russell J. Campanello Sells 800 Shares of iRobot Corp. (IRBT) Stock

iRobot Corp. (NASDAQ:IRBT) EVP Russell J. Campanello sold 800 shares of iRobot Corp. stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $40.00, for a total value of $32,000.00. Following the completion of the transaction, the executive vice president now owns 68,420 shares of the company’s stock, valued at approximately $2,736,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 39.45 on Tuesday. The stock has a 50 day moving average price of $39.50 and a 200-day moving average price of $36.73. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 28.38 and a beta of 1.59. iRobot Corp. has a 52-week low of $28.02 and a 52-week high of $40.93.
iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The business earned $148.70 million during the quarter, compared to the consensus estimate of $148.10 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that iRobot Corp. will post $1.32 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares during the period. Teacher Retirement System of Texas increased its stake in shares of iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares during the period. Legal & General Group Plc increased its stake in shares of iRobot Corp. by 11.4% in the first quarter. Legal & General Group Plc now owns 4,757 shares of the company’s stock valued at $169,000 after buying an additional 487 shares during the period. Royal Bank of Canada increased its stake in shares of iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares during the period. Finally, Mason Street Advisors LLC acquired a new stake in shares of iRobot Corp. during the second quarter valued at $188,000. Institutional investors and hedge funds own 77.40% of the company’s stock.
IRBT has been the subject of several recent analyst reports. Canaccord Genuity restated a “buy” rating and issued a $45.00 price target on shares of iRobot Corp. in a research note on Wednesday, August 10th. JPMorgan Chase & Co. upgraded iRobot Corp. from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.00.
iRobot Corp. Company Profile
iRobot Corporation is engaged in designing and building robots. The Company sells its products through sales channels to the consumer, defense and security, telemedicine and video collaboration markets. It operates through two segments: the home robots business, and the defense and security robots business.

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