Trexquant Investment LP Buys Shares of 3,725 iRobot Corporation (IRBT)

Trexquant Investment LP bought a new position in iRobot Corporation (NASDAQ:IRBT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,725 shares of the industrial products company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IRBT. Creative Planning grew its position in iRobot by 14.0% in the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares during the last quarter. Riverhead Capital Management LLC grew its position in iRobot by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the last quarter. FNY Partners Fund LP bought a new position in iRobot in the 2nd quarter worth about $143,000. IFP Advisors Inc grew its position in iRobot by 15.4% in the 2nd quarter. IFP Advisors Inc now owns 2,064 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 275 shares during the last quarter. Finally, Strs Ohio bought a new position in iRobot in the 2nd quarter worth about $185,000. Hedge funds and other institutional investors own 82.25% of the company’s stock.

iRobot Corporation (IRBT) opened at $65.03 on Thursday. The stock has a market cap of $1,818.26, a P/E ratio of 34.70, a PEG ratio of 1.76 and a beta of 0.99. iRobot Corporation has a 1-year low of $52.12 and a 1-year high of $109.78.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. sell-side analysts expect that iRobot Corporation will post 1.85 EPS for the current fiscal year.

IRBT has been the subject of several recent analyst reports. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. SprucePoint Capital restated a “sell” rating on shares of iRobot in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies decreased their target price on shares of iRobot to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Finally, Canaccord Genuity restated a “hold” rating and issued a $65.00 target price (down previously from $95.00) on shares of iRobot in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. iRobot currently has an average rating of “Hold” and a consensus target price of $70.75.

In other news, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $72,800.00. Following the completion of the transaction, the executive vice president now directly owns 68,355 shares in the company, valued at $6,835,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the completion of the transaction, the chief financial officer now owns 82,609 shares of the company’s stock, valued at $8,260,900. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.

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iRobot Company 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.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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