Significant Insider Sales in Shares of iRobot (IRBT) Extends the Selling Trend of Last Quarter

Wednesday, August 02, 2017 10:15 PM ET

Significant Insider Sales in Shares of iRobot (IRBT) Extends the Selling Trend of Last Quarter

There was a notable level of share sales at iRobot by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Deborah G Ellinger, Director, and Ronald Chwang, Director — disposed of 10,325 shares in the company having a market value of approximately $1,089,905. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 8,886 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 19,211 shares and have averaged 4,803 shares per transaction over this time period.

iRobot insider trading represents a level of buy/sell trades that is above for the 1 peer company average over the last 90-day period. However, the number of shares per average transaction for iRobot insider buy-sell trading is very close to the average of the Advanced Electronic Equipment peer group of companies. This peer group saw 0 shares purchased and 8,886 shares sold resulting in an average of 4,443 shares traded and netting out with company insiders having sold 4,443 shares on average.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Deborah G Ellinger, Director, sold 7,082 shares
* Ronald Chwang, Director, sold 3,243 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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