iRobot Corporation (IRBT): What Does The Future Look Like?

iRobot Corporation (NASDAQ:IRBT) went up to recover about 86.79% since recording its record low price of $55.77. The stock experienced 6.25% jump, arriving at $104.17 on 02/08/2019. During the day, the stock price traveled from $96.4 to $108.2. This company shares are -1.92% up from its target price of $102.17 and the current market capitalization stands at $2.86B. The recent change has given its price a 19.86% lead over SMA 50 and -12.28% deficit over its 52-week high. The stock witnessed 18.44% gains, 7.38% gains and 20.43% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IRBT’s volatility during a week at 6.44% and during a month it has been found around 4.2%.

iRobot Corporation (IRBT) Top Holders

Institutional investors currently hold around $2.91 billion or 0% in IRBT stock. Look at its top three institutional owners. Primecap Management Co/Ca/ owns $433.51 million in iRobot Corporation, which represents roughly 15.16% of the company’s market cap and approximately 14.89% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,943,958 shares of the stock are valued at $410.84 million. The third largest holder is Vanguard Group Inc, which currently holds $274.95 million worth of this stock and that ownership represents nearly 9.61% of its market capitalization.

iRobot Corporation 13F Filings

At the end of September reporting period, 134 institutional holders increased their position in iRobot Corporation (NASDAQ:IRBT) by some 3,904,671 shares, 107 decreased positions by 3,566,676 and 47 held positions by 20,481,361. That puts total institutional holdings at 27,952,708 shares, according to SEC filings. The stock grabbed 47 new institutional investments totaling 848,115 shares while 33 institutional investors sold out their entire positions totaling 590,980 shares.

iRobot Corporation (NASDAQ:IRBT) Insider Trades

Multiple company employees have indulged in significant insider trading. iRobot Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP Human Resources, Corp Comm Campanello Russell J has sold 7,993 shares of iRobot Corporation (IRBT) in trading session dated Feb. 07, 2019. These shares are worth $807,293 and were traded at $101 each. The SEC filing shows that Cerda Christian performed a sale of 12,442 shares. The COO disposed these shares by way of transaction on Jan. 07, 2019. The company’s shares were given away at $85 per share worth to an income of some $1,057,570 on account of Cerda Christian.

CEO, Angle Colin M, sold 11,765 common shares of iRobot Corporation (IRBT) in the open market. In a transaction dated Jan. 07, 2019, the shares were put up for sale at an average price of $85, raking in a sum of $1,000,025. After this sale, 406,283 common shares of IRBT are directly owned by the insider, with total stake valued at $42,322,500.

In the transaction dated Jan. 02, 2019, the great number of shares disposed came courtesy the CEO; Angle Colin M disposed a total of 24,739 shares at an average price of $80.85, amounting to approximately $2,000,148. The insider now directly owns 418,048 shares worth $43,548,060.

iRobot Corporation (IRBT) Analyst Guide

Several analysts have released their opinion on iRobot Corporation (NASDAQ:IRBT), with 4 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.1 average brokerage recommendation.