On July 30, 2012, CEO of iRobot Corporation (NASDAQ:IRBT) Colin M. Angle sold 59,455 shares at an average price of $23.53. The total transaction amount is $1,398,976.
Colin M. Angle served at Artificial Creatures Inc. as President and worked at MIT’s Artificial Intelligence Laboratory before co-founding iRobot in 1990. Currently, Mr. Angle is the chairman of the board, chief executive officer, and co-founder of the company.
CEO Colin Angle sold 21,900 shares of IRBT stock in February and March. On February 8, 2012, Executive Vice President, CFO and Treasurer John J. Leahy sold 19,302 shares of IRBT stock at the average price of 37.99. Other Directors and Officers have also sold shares of IRBT stock.
In the quarter that ended on March 31, 2012, GuruFocus Guru Joel Greenblatt bought 57,267 shares of the Company stock.
iRobot Corp. reported their 2012 second quarter results. The company reported net income of $ $7.4 million, compared to the $8.0 million million in the second quarter of 2011. iRobot Corp also reported revenues of $111.4 million, compared to $108.1 million in the same quarter last year.