iRobot Corporation (IRBT) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 43.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614 shares of the industrial products company’s stock after selling 4,366 shares during the quarter. Private Advisor Group LLC’s holdings in iRobot Corporation were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in iRobot Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in iRobot Corporation by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock worth $1,200,000 after purchasing an additional 100 shares in the last quarter. NEXT Financial Group Inc increased its position in iRobot Corporation by 6.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 110 shares in the last quarter. United Capital Financial Advisers LLC increased its position in iRobot Corporation by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,745 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 125 shares in the last quarter. Finally, Creative Planning increased its position in iRobot Corporation by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

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IRBT has been the subject of a number of research analyst reports. Canaccord Genuity cut shares of iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Wednesday, May 31st. They noted that the move was a valuation call. SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research report on Thursday. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.63.

iRobot Corporation (NASDAQ IRBT) opened at 79.81 on Friday. The firm has a 50-day moving average of $97.47 and a 200 day moving average of $84.61. The firm has a market capitalization of $2.21 billion, a PE ratio of 39.14 and a beta of 1.18. iRobot Corporation has a 12 month low of $40.22 and a 12 month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts forecast that iRobot Corporation will post $1.58 earnings per share for the current year.

In other iRobot Corporation news, EVP Russell J. Campanello sold 10,000 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the transaction, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alison Dean sold 33,809 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the transaction, the chief financial officer now directly owns 82,609 shares in the company, valued at $8,260,900. The disclosure for this sale can be found here. Insiders have sold 106,675 shares of company stock worth $10,315,539 over the last three months. Insiders own 4.49% of the company’s stock.

iRobot Corporation 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.

Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

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