iRobot Sees Unusually High Options Volume (IRBT)

iRobot Co. (NASDAQ:IRBT) saw some unusual options trading on Monday. Investors bought 6,965 put options on the company. This represents an increase of approximately 1,009% compared to the average daily volume of 628 put options.

In related news, CEO Colin M. Angle sold 63,070 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $90.10, for a total transaction of $5,682,607.00. Following the completion of the transaction, the chief executive officer now owns 516,781 shares in the company, valued at $46,561,968.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Colin M. Angle sold 11,117 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $89.96, for a total value of $1,000,085.32. Following the transaction, the chief executive officer now owns 475,956 shares of the company’s stock, valued at approximately $42,817,001.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,970 shares of company stock valued at $20,821,369. 3.51% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in iRobot by 74.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 663 shares during the period. Modera Wealth Management LLC purchased a new stake in iRobot in the second quarter worth $227,000. Schwab Charles Investment Management Inc. grew its stake in iRobot by 9.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 182,404 shares of the industrial products company’s stock worth $13,821,000 after purchasing an additional 15,134 shares during the period. LLBH Private Wealth Management LLC purchased a new stake in iRobot in the second quarter worth $231,000. Finally, Sturgeon Ventures LLP grew its stake in iRobot by 6.6% in the second quarter. Sturgeon Ventures LLP now owns 96,884 shares of the industrial products company’s stock worth $7,362,000 after purchasing an additional 5,984 shares during the period. 97.24% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. Canaccord Genuity assumed coverage on iRobot in a report on Monday, November 5th. They set a “buy” rating and a $115.00 target price for the company. BidaskClub upgraded iRobot from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Zacks Investment Research downgraded iRobot from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Needham & Company LLC upgraded iRobot from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Wednesday, October 24th. Finally, Piper Jaffray Companies decreased their target price on iRobot to $82.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $89.20.

Shares of iRobot stock opened at $94.09 on Wednesday. The company has a market cap of $2.64 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.77. iRobot has a 52 week low of $55.77 and a 52 week high of $118.75.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.64. The company had revenue of $264.50 million for the quarter, compared to analysts’ expectations of $245.12 million. iRobot had a return on equity of 15.95% and a net margin of 6.52%. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, research analysts expect that iRobot will post 2.68 EPS for the current year.

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iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

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