Today it was reported that the EVP & CLO of iRobot (NASDAQ: IRBT), Glen Daniel Weinstein, exercised options to sell 11,408 IRBT shares at $34.98 a share, for a total transaction value of $1.27M.
Following Glen Daniel Weinstein’s last IRBT Sell transaction on July 28, 2017, the stock climbed by 10.5%. In addition to Glen Daniel Weinstein, 2 other IRBT executives reported Sell trades in the last month.
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Based on iRobot’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $226 million and quarterly net profit of $10.47 million. In comparison, last year the company earned revenue of $183 million and had a net profit of $7.9 million. IRBT’s market cap is $3.23B and the company has a P/E ratio of 58.86. Currently, iRobot has an average volume of 1.31M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $90.00, reflecting a -22.4% downside.
The insider sentiment on iRobot has been negative according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Glen Daniel Weinstein’s trades have generated a 11.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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iRobot Corp. engages in designing and building robots. Its portfolio of solutions features proprietary technologies for the connected home and concepts in cleaning, mapping and navigation, human-robot interaction, and physical solutions. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M.
