Amalgamated Bank cut its position in iRobot Corporation (NASDAQ:IRBT) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,552 shares of the industrial products company’s stock after selling 9 shares during the period. Amalgamated Bank’s holdings in iRobot Corporation were worth $235,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc increased its stake in shares of iRobot Corporation by 14.0% in the first quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock valued at $142,000 after buying an additional 219 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after buying an additional 277 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in iRobot Corporation during the first quarter valued at $153,000. LS Investment Advisors LLC boosted its stake in iRobot Corporation by 151.1% in the first quarter. LS Investment Advisors LLC now owns 2,601 shares of the industrial products company’s stock valued at $172,000 after buying an additional 1,565 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in iRobot Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,010 shares of the industrial products company’s stock valued at $199,000 after buying an additional 70 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.
iRobot Corporation (IRBT) traded down 1.56% during mid-day trading on Friday, reaching $97.28. 1,069,785 shares of the company’s stock were exchanged. iRobot Corporation has a 12 month low of $38.19 and a 12 month high of $109.78. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 47.71 and a beta of 1.18. The stock has a 50-day moving average of $94.52 and a 200-day moving average of $79.93.
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Several research firms recently weighed in on IRBT. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies lifted their target price on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.63.
In other news, Director Ronald Chwang sold 3,243 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $106.32, for a total value of $344,795.76. Following the transaction, the director now owns 22,630 shares in the company, valued at approximately $2,406,021.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Glen Daniel Weinstein sold 10,462 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $98.61, for a total transaction of $1,031,657.82. Following the completion of the transaction, the executive vice president now owns 75,308 shares in the company, valued at approximately $7,426,121.88. The disclosure for this sale can be found here. Insiders have sold a total of 147,721 shares of company stock worth $14,483,004 in the last 90 days. Company insiders own 4.49% of the company’s stock.
iRobot Corporation 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.
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