Shelton Capital Management purchased a new position in shares of iRobot Corporation (NASDAQ:IRBT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,706 shares of the industrial products company’s stock, valued at approximately $396,000.
Several other large investors also recently bought and sold shares of the company. Creative Planning grew its stake in iRobot Corporation by 14.0% in the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 162 shares during the last quarter. Riverhead Capital Management LLC grew its stake in iRobot Corporation by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 665 shares during the last quarter. FNY Partners Fund LP acquired a new stake in iRobot Corporation in the 2nd quarter valued at about $143,000. NEXT Financial Group Inc grew its stake in iRobot Corporation by 6.2% in the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 110 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in iRobot Corporation by 16.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 277 shares during the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.
iRobot Corporation (NASDAQ IRBT) opened at 77.1534 on Thursday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.8388 and a beta of 1.18. The stock’s 50 day moving average is $85.01 and its 200 day moving average is $87.36. iRobot Corporation has a one year low of $42.06 and a one year high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million during the quarter, compared to analyst estimates of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. On average, equities analysts forecast that iRobot Corporation will post $1.58 EPS for the current year.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Canaccord Genuity raised their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies raised their price target on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a research note on Friday, July 28th. Finally, Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $73.63.
In other news, CEO Colin M. Angle sold 5,886 shares of iRobot Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the sale, the chief executive officer now directly owns 489,463 shares in the company, valued at approximately $51,980,970.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alison Dean sold 17,646 shares of iRobot Corporation stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $90.00, for a total value of $1,588,140.00. Following the sale, the chief financial officer now owns 82,080 shares of the company’s stock, valued at $7,387,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,769 shares of company stock valued at $8,878,529. 4.49% of the stock is owned by corporate insiders.
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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.
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