iRobot Co. (NASDAQ:IRBT) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 11.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,208 shares of the industrial products company’s stock after selling 1,159 shares during the period. Convergence Investment Partners LLC’s holdings in iRobot were worth $773,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CWM LLC raised its holdings in shares of iRobot by 57.3% during the second quarter. CWM LLC now owns 376 shares of the industrial products company’s stock valued at $32,000 after buying an additional 137 shares during the last quarter. Alliancebernstein L.P. raised its holdings in iRobot by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 48,085 shares of the industrial products company’s stock worth $2,435,000 after purchasing an additional 200 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in iRobot by 21.6% during the first quarter. Mutual of America Capital Management LLC now owns 1,235 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 219 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in iRobot by 4.9% during the first quarter. Banque Cantonale Vaudoise now owns 4,846 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 225 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in iRobot by 3.1% during the fourth quarter. Mason Street Advisors LLC now owns 9,847 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 297 shares in the last quarter.

NASDAQ IRBT traded down $0.91 on Friday, hitting $72.69. 437,453 shares of the stock were exchanged, compared to its average volume of 773,843. iRobot Co. has a 52-week low of $32.79 and a 52-week high of $89.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.45 and a quick ratio of 2.68. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.33 and a beta of 1.74. The company’s 50-day moving average price is $81.16 and its two-hundred day moving average price is $61.03.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.77. iRobot had a net margin of 8.08% and a return on equity of 9.55%. The firm had revenue of $279.88 million for the quarter, compared to analysts’ expectations of $264.48 million. Equities analysts predict that iRobot Co. will post 1.45 EPS for the current fiscal year.

In other news, EVP Glen Daniel Weinstein sold 548 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $75.00, for a total transaction of $41,100.00. Following the transaction, the executive vice president now directly owns 61,325 shares in the company, valued at approximately $4,599,375. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Colin M. Angle sold 34,099 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $86.43, for a total transaction of $2,947,176.57. Following the transaction, the chief executive officer now owns 431,955 shares in the company, valued at $37,333,870.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,868 shares of company stock worth $5,783,006. Corporate insiders own 2.91% of the company’s stock.

Several brokerages recently commented on IRBT. Piper Sandler boosted their target price on iRobot from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Bank of America cut iRobot from a “neutral” rating to an “underperform” rating and set a $77.00 target price on the stock. in a report on Friday, June 26th. Northland Securities boosted their target price on iRobot from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Citigroup upped their price target on iRobot from $60.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC began coverage on iRobot in a report on Wednesday, April 29th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $74.89.

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 stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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