iRobot Co. (NASDAQ:IRBT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in iRobot Co. (NASDAQ:IRBT) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,058 shares of the industrial products company’s stock after selling 389 shares during the period. Deutsche Bank AG owned about 0.21% of iRobot worth $4,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of iRobot in the 2nd quarter valued at approximately $40,000. Rockefeller Capital Management L.P. raised its position in shares of iRobot by 230.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 439 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 306 shares in the last quarter. Strategic Blueprint LLC acquired a new position in shares of iRobot in the 2nd quarter valued at approximately $43,000. Strs Ohio acquired a new position in shares of iRobot in the 3rd quarter valued at approximately $39,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of iRobot in the 2nd quarter valued at approximately $70,000. 93.03% of the stock is currently owned by institutional investors.

In related news, CEO Colin M. Angle sold 11,969 shares of the stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $83.55, for a total value of $1,000,009.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Colin M. Angle sold 23,200 shares of the stock in a transaction dated Thursday, January 13th. The stock was sold at an average price of $70.04, for a total value of $1,624,928.00. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.

Shares of NASDAQ IRBT opened at $66.80 on Friday. iRobot Co. has a 12 month low of $63.37 and a 12 month high of $197.40. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 5.33 and a beta of 1.23. The business has a fifty day simple moving average of $74.46 and a 200-day simple moving average of $81.26.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, October 26th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $0.70 by $0.97. iRobot had a return on equity of 8.84% and a net margin of 4.55%. The business had revenue of $440.68 million during the quarter, compared to the consensus estimate of $417.04 million. During the same period in the prior year, the business posted $2.37 earnings per share. iRobot’s revenue was up 6.7% compared to the same quarter last year. Research analysts anticipate that iRobot Co. will post 0.65 earnings per share for the current fiscal year.

IRBT has been the topic of several research reports. TheStreet lowered iRobot from a “b-” rating to a “c+” rating in a research report on Tuesday, November 30th. Zacks Investment Research lowered iRobot from a “hold” rating to a “strong sell” rating and set a $58.00 price target on the stock. in a research report on Tuesday, January 4th. Finally, Citigroup dropped their price target on iRobot from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 22nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.75.

iRobot Company Profile

iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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