Irobot Corp (IRBT) Files Form 4 Insider Selling : Ronald Chwang Sells 54,235 Shares

Irobot Corp (IRBT): Ronald Chwang , director of Irobot Corp sold 54,235 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $38.35 per share for a total value of $2,079,214.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Ronald Chwang (director) sold 71,955 shares at $38.45 per share price.On Jun 1, 2016, Andrea Geisser (director) sold 8,353 shares at $38.32 per share price.Also, On Mar 16, 2016, Michelle Stacy (director) purchased 3,000 shares at $33.41 per share price.On Dec 17, 2015, Colin M Angle (Chief Executive Officer) sold 59,074 shares at $35.29 per share price.

Shares of iRobot Corporation (IRBT) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.25 points or -0.65% at $38.22 with 2,53,914 shares getting traded. Post opening the session at $38.25, the shares hit an intraday low of $38.08 and an intraday high of $38.48 and the price vacillated in this range throughout the day. The company has a market cap of $1,050 M and the number of outstanding shares has been calculated to be 2,74,69,095 shares. The 52-week high of iRobot Corporation is $39 and the 52-week low is $27.55.

iRobot Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.iRobot Corporation is Downgraded by JP Morgan to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 18, 2016.

iRobot Corporation is a United States-based company which designs and builds robots. The Company is engaged in delivering robotic technology-based solutions. The Company’s segments include home robots defense and security and other. Its home robots segment offers products to consumers through a network of retail businesses throughout the United States to various countries through international distributors and retailers and through the Company’s online store. Its defense and security robots segment offers products to the United States Department of Defense through the United States government-focused sales force and distributors and to other North American and international entities through small domestic and international sales teams as well as through North American and international distributors. Its brands include Roomba Ava Scooba Mint ViPR Create PackBot FirstLook iAdapt Aware Home Base Looj Braava Kobra AeroVac Mirra and Virtual Wall among others.

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