Symbotic Inc. (NASDAQ:SYM) Director Sells $78,780.00 in Stock

Symbotic Inc. (NASDAQ:SYMGet Free Report) Director Todd Krasnow sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $39.39, for a total value of $78,780.00. Following the sale, the director now directly owns 10,447 shares of the company’s stock, valued at approximately $411,507.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Todd Krasnow also recently made the following trade(s):

  • On Monday, February 5th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $51.50, for a total value of $103,000.00.
  • On Tuesday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $50.49, for a total value of $100,980.00.
  • On Thursday, December 14th, Todd Krasnow sold 4,000 shares of Symbotic stock. The shares were sold at an average price of $52.19, for a total value of $208,760.00.

Symbotic Stock Performance

Shares of NASDAQ:SYM opened at $44.62 on Friday. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of -165.26 and a beta of 1.90. The stock’s 50-day simple moving average is $43.25 and its two-hundred day simple moving average is $42.13. Symbotic Inc. has a 52-week low of $16.03 and a 52-week high of $64.14.

Symbotic (NASDAQ:SYMGet Free Report) last announced its earnings results on Monday, February 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. Symbotic had a negative return on equity of 35.06% and a negative net margin of 1.39%. The business had revenue of $368.45 million for the quarter, compared to analysts’ expectations of $370.28 million. As a group, equities analysts forecast that Symbotic Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Symbotic by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 369,026 shares of the company’s stock valued at $18,944,000 after buying an additional 8,058 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Symbotic by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,081,034 shares of the company’s stock valued at $106,819,000 after buying an additional 40,699 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in Symbotic by 19.1% in the 4th quarter. Voloridge Investment Management LLC now owns 882,734 shares of the company’s stock worth $45,311,000 after purchasing an additional 141,333 shares in the last quarter. Washington Harbour Partners LP purchased a new position in Symbotic in the 4th quarter worth approximately $3,008,000. Finally, Gotham Asset Management LLC purchased a new position in Symbotic in the 4th quarter worth approximately $309,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SYM shares. The Goldman Sachs Group reduced their price target on Symbotic from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Robert W. Baird reduced their price target on Symbotic from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. DA Davidson upgraded Symbotic from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, February 7th. Needham & Company LLC reduced their price target on Symbotic from $58.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price target on shares of Symbotic in a report on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Symbotic currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.85.

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About Symbotic

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Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.

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Insider Buying and Selling by Quarter for Symbotic (NASDAQ:SYM)

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