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iRobot Corp Chief Commercial Officer Blanc Sells 6,604 Shares at $3.95/Share
ByAinvest
Monday, Jul 14, 2025 4:36 pm ET1min read
iRobot Corporation (IRBT) has disclosed that Chief Commercial Officer, Jean Jacques Blanc, has disposed of 6,604 shares at a price of $3.95 per share on July 12, 2025.
New York, July 2, 2025 — iRobot Corporation (IRBT) has disclosed that Chief Commercial Officer, Jean Jacques Blanc, sold 6,604 shares at a price of $3.95 per share on July 12, 2025. This sale comes amidst ongoing legal scrutiny and financial uncertainty for the company.The insider sale follows recent developments in a class action lawsuit against iRobot Corporation, which alleges securities fraud. Rosen Law Firm and Pomerantz LLP have filed separate lawsuits on behalf of investors who purchased iRobot securities between January 29, 2024, and March 11, 2025. The lawsuits claim that the company made false and misleading statements regarding its ability to operate as a standalone company following the termination of its merger agreement with Amazon.com, Inc. [1][2].
Investors are encouraged to review the details of the lawsuits and consider their options. Rosen Law Firm and Pomerantz LLP have set September 5, 2025, as the deadline for potential lead plaintiffs to move the Court. Those interested can contact Rosen Law Firm at (866) 767-3653 or Pomerantz LLP at 646-581-9980 for more information.
In addition to the legal challenges, iRobot has reported financial difficulties. The company's fourth quarter and full year 2024 financial results showed a loss of $2.06 per share on revenue of $172 million, a 44% year-over-year decline. The company has also warned investors about substantial doubt regarding its ability to continue as a going concern for at least 12 months from the date of its 2024 financial statements [2].
Investors should closely monitor iRobot's financial health and legal developments. The insider sale by Chief Commercial Officer Jean Jacques Blanc adds another layer of scrutiny to the company's current situation.
References:
[1] https://www.marketscreener.com/quote/stock/IROBOT-CORPORATION-9722/news/IRBT-Investors-Have-Opportunity-to-Lead-iRobot-Corporation-Securities-Fraud-Lawsuit-50504411/
[2] https://www.marketscreener.com/quote/stock/IROBOT-CORPORATION-9722/news/Pomerantz-Law-Firm-Announces-the-Filing-of-a-Class-Action-Against-iRobot-Corporation-and-Certain-Off-50495836/
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